In technical trading, chartists identify resistance levels for auto sector stocks following recent sell-offs sparked by higher “how much to finance a car” metrics. Volume analysis indicates institutional selling outweighs retail buying at these key price points. These days, there's a wide variety of EVs on the market, from luxury brands to cheap-and-cheerful models. Whichever you choose, many financial advisors recommend that your monthly car expenses should be no more than 10% of your monthly income. A 60-, 72-, or 84-month loan may keep monthly payments low, but you’ll pay more in interest over time and probably also pay a higher rate . Using recent interest rates from the Navy Federal Credit Union as an example, you could finance $23,000 at 4.99 percent over 36 months for a total of $24,980. A 60-month loan would incur a higher 5.49 percent rate and an overall payment $1,541 higher than the shorter-term loan. Equity analysts tracking bank lending patterns report that credit issuance for auto loans is slowing sharply. This is directly related to increased “how much to finance a car” burdens, altering the growth trajectory for financial institutions with heavy auto loan portfolios.