Car Affordability Calculator
This car affordability calculator estimates the maximum car price you can comfortably afford, based on your income and a target auto-payment budget — a ceiling to shop within before you fall for a car outside your budget.
Your income before tax.
A common guideline is 10-15% of gross monthly income for the payment alone, or up to 20% including insurance.
Cash you have to put down.
The rate you expect to qualify for.
Length of the loan.
Maximum car price
सेव करने के लिए लॉग इन करें$10,787
Frequently asked questions
Does this include insurance and maintenance?+
No — this is the loan payment only. Add your expected insurance premium and a maintenance estimate separately to see your true total monthly car cost before deciding on a price.
Should I use gross or take-home income?+
This calculator uses gross income to match the common 10-15%-of-gross guideline, but budgeting against your take-home (net) pay via the paycheck calculator gives a more conservative, often more realistic, ceiling.
Is a longer loan term a good way to afford a more expensive car?+
It lowers the monthly payment, but extends how long you're paying interest and increases the risk of owing more than the car is worth for longer — treat term length as a tradeoff, not a free way to afford more car.