CALCULATOR

Car Affordability Calculator

Estimate a vehicle price that fits your target monthly payment and budget.

Monthly take-home income ($)Target car payment as % of incomeDown payment ($)Trade-in value ($)APR (%)Loan term (months)Taxes & fees as % of vehicle price

ESTIMATE

$— vehicle price

Enter your numbers to estimate an affordable vehicle price.

Target payment$—

Amount financed$—

Down + trade$—

Loan term—

This is a budgeting estimate, not lending advice. Insurance, fuel, maintenance and other ownership costs are not included in the target payment.

About this calculator

This calculator works backward from a target monthly payment to estimate the vehicle price you could finance. It accounts for your down payment, trade-in, estimated taxes and fees, APR and loan term.

Frequently asked questions

What percentage of income should a car payment be?

There is no universal percentage. Use a number that fits your overall budget after housing, food, insurance, debt, savings and other expenses.

Does this include insurance and fuel?

No. Consider adding those costs separately with the Fuel Cost and Total Ownership Cost calculators on this site.