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Here's how much you need to make in order to comfortably afford a brand new Toyota Camry. The final build here with a 7% tax will come out to a total of $37,402. After putting down 20% or $7,480, you're going to need to borrow $29,921 at a 7% interest rates over 60 months or five years, which brings your total monthly payment to around $592. The average annual insurance cost for a Toyota Camry is around $2,000 or $270 per month. Car insurance is expensive nowadays, so comment car 26 to see if you could save money on your own car insurance. The average annual maintenance cost for a Camry is around $4,500 for 10 years, which comes out to around $38 per month. Then lastly the average gas spend per month for an American is around $204. If you add up all of your expenses, that comes out to around $1,004 for your total monthly cost. That number should be around 10% of your monthly gross income. So you times that by 12 to get your annual gross income.