Auto Loan Affordability Calculator
Calculate the maximum vehicle price you can afford based on your desired monthly payment. Includes down payment, trade-in, and sales tax.
Auto Affordability
Find Your Perfect Vehicle Budget
Calculate what you can realistically afford based on your income, debts, and financial goals. We'll show you multiple affordability rules and recommendations.
Your Maximum Vehicle Price
Using 15% Rule
Total vehicle costs should not exceed 15% of gross income
Affordability Rule
Vehicle Price Recommendations
Down Payment Impact
Monthly Budget Breakdown
Debt-to-Income Ratios
Compare Loan Terms
| Term | Payment | Interest | Total |
|---|---|---|---|
| 36 months | $470 | $1,585 | $21,917 |
| 48 months | $364 | $2,121 | $22,453 |
| 60 months | $300 | $2,667 | $23,000 |
| 72 months | $258 | $3,225 | $23,557 |
Smart Car Buying Tips
- Don't max out your budget: Leave room for unexpected expenses and life changes
- Consider total ownership cost: Insurance, gas, and maintenance add up quickly
- Put down 20% if possible: Avoid negative equity and lower monthly payments
- Shorter terms save money: 36-48 month loans cost less in interest
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