Do you know how much money you would need to be making to afford a Chevy Silverado?

Do you know how much money you would need to be making to afford a Chevy Silverado? This is a 2025 Chevy Silverado 1500 RST. It has a starting price of $54,800 with a delivery fee of $2,195. And then manufacturer and dealer add-ons, $5,015. Total vehicle price $62,015. But then the dealership adds LoJack for $1,495, nitrogen for $199, wheel locks for $199, tinted glass for $699, GM floor liners for $399. The lift package, 22-inch wheels, 35-inch tires, leather, black out package, wrapped top is all $13,995. Total signature plus $16,986. Total dealer asking price $79,001. Now, of course, if you want to see if you can afford this vehicle or any vehicle for that matter, be sure to check out my car affordability calculator at the link in my bio. This can help you see what you can afford based on your own personal numbers. And also be sure to check out my budget tracker as well. Those can both be found at the link in my bio and they can be bundled together. I did build both of these myself, so any feedback is very helpful and it does help out the channel, so I do greatly appreciate it. But for the Chevy Silverado 1500 RST, if you added an 8% sales tax, that would add another $6,320.08 in sales tax, which would bring the total price to $85,321.08. Now, let's say you want to finance that total amount financed was $0 down at a 9% interest rate for 72 months, which is a total of six years. Then your monthly car payment alone would be $1,537.96 for the Chevy Silverado. And over the course of those six years that you're financing, you would end up paying a total of $25,411.92 in interest. Now, of course, we can't just look at the monthly car payment, we have to look at all the other monthly expenses that go into the cost of owning a vehicle as well. For example, your car insurance, which would be about $157.50 a month on average. Your monthly gas costs would be about $245.00 a month and maintenance would be somewhere around $67.50 a month. If you divided that evenly across all the 72 months, then your monthly car payment would be $1,537.96 and you would end up paying a total of $25,411.92 in interest. Now, of course, we can't just look at the monthly car payment, we have to look at all the other monthly expenses that go into the cost of owning a vehicle as well. For example, your car insurance, which would be about $157.50 a month on average. Your monthly gas costs would be about $245.00 a month and maintenance would be somewhere around $67.50 a month. If you divided that evenly across all the 72 months, then your total monthly car cost would be $2,007.96 for this Chevy Silverado. Now, let's say you want to keep all those monthly expenses at a comfortable 15% of your average annual income. Then you would need to be making $160,636.66 annually in order to comfortably afford this 2025 Chevy Silverado 1500 RST. But let me know what you think about this down in the comments below. And if you like this video, be sure to give me a follow. And make sure you check out my car affordability calculator as well as my budget tracker at the link in my bio. Let me know what you want to see next.