Car Affordability Calculator
Calculate how much car you can afford based on income and payment limits.
Use the Car Affordability Calculator
Enter income and payment limits. Max affordable car price is calculated.
Inputs
Monthly income and payment limits.
Results
Max monthly payment
$750
Max car price
$41,332
Based on typical guidance: keep car payment under 15–20% of income.
How this calculator works
Enter monthly income, max payment percentage, APR, term, and down payment. Max affordable car price is calculated.
FAQs
What % of income for car payment?▾
Many experts suggest keeping car payment under 15–20% of take-home income.
Include insurance in budget?▾
Yes. Total car cost includes payment, insurance, fuel, and maintenance.
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