Car Affordability Calculator
See the car price you can afford from a monthly payment you are comfortable with, the loan rate and term, and your down payment.
- Free
- No sign-up
Enter your monthly budget and details to see what you can afford.
Worked example
With these example inputs:
- Monthly budget$500
- Loan rate7%
- Loan term6 yr
- Down payment$3,000
Car price you can afford: $32,327
- Loan amount$29,327
- Max monthly payment$500.00
Frequently asked questions
How much should I spend on a car?
A common guideline keeps total car costs under about 15-20% of take-home pay. Start from a monthly payment you can comfortably afford and work back to the price.
Does this include insurance and fuel?
No. It covers the loan payment only. Insurance, fuel, maintenance and registration are extra, so leave room for them in your overall budget.