Can I Afford a Kia Soul on a $75k Salary?
⚠️ Maybe — It's a Stretch
At 12.0% of your monthly income, this vehicle exceeds the 20/4/10 rule but may be manageable with careful budgeting.
Monthly Cost Breakdown
Financing Details
- Vehicle Price (avg)
- $25,250
- Down Payment
- $5,000
- Interest Rate
- 6.5% APR
- Loan Term
- 48 months
Monthly Costs
- Loan Payment
- $522.14
- Insurance
- $150/mo
- Maintenance
- $75/mo
- Total Monthly Cost
- $747.14
- % of Gross Income
- 12.0%
Based on the : 20% down, 4-year loan, total car costs ≤ 10% of gross monthly income. Estimates use gross (pre-tax) income. Use the full calculator to adjust parameters.
Verdict by Price Range
The Kia Soul ranges from $20,500 to $30,000 depending on trim and options.
Base Model ($20,500)
Maybe — It's a Stretch
$626.61/mo (10.0% of income)
Loaded ($30,000)
Maybe — It's a Stretch
$867.68/mo (13.9% of income)
Kia Soul Trims & Pricing
| Trim | Price | Monthly Cost | % Income |
|---|---|---|---|
| Soul LX | $20,500 | $626.61/mo | 10.0% |
| Soul S | $22,500 | $677.36/mo | 10.8% |
| Soul EX | $24,000 | $715.43/mo | 11.4% |
| Soul Turbo | $28,500 | $829.61/mo | 13.3% |
Alternatives to Consider
Similar vehicles in the $20,500–$30,000 range:
Kia Soul Affordability by Income
| Salary | % of Income | Verdict |
|---|---|---|
| $75k ← | 12.0% | ⚠️ It's a Stretch |
| $30k | 29.9% | 🚫 Not Recommended |
| $50k | 17.9% | 🚫 Not Recommended |
| $100k | 9.0% | ✅ Comfortably Affordable |
| $125k | 7.2% | ✅ Comfortably Affordable |
| $150k | 6.0% | ✅ Comfortably Affordable |
| $200k | 4.5% | ✅ Comfortably Affordable |
| $250k | 3.6% | ✅ Comfortably Affordable |
| $300k | 3.0% | ✅ Comfortably Affordable |
| $500k | 1.8% | ✅ Comfortably Affordable |