Car Affordability Calculator

Estimate how much car you can afford based on your income, existing debts, and monthly vehicle expenses.

Your Financial Information

Enter your income, debts, and expected vehicle expenses to estimate an affordable car budget.

Monthly Take-Home Income ($)Existing Monthly Debt Payments ($)Available Down Payment ($)Annual Loan Interest Rate (%)Loan Term (Months)Monthly Car Insurance ($)Monthly Maintenance Budget ($)Monthly Fuel or EV Charging Cost ($)Vehicle Sales Tax Rate (%)Vehicle Purchase Fees ($)

Your Car Affordability Results

Your Estimated Car Budget

Monthly Vehicle Budget: $750.00

Available Monthly Loan Payment: $375.00

Maximum Affordable Car Loan: $18,938.25

Estimated Maximum Vehicle Price: $20,224.76

How This Estimate Works: This calculator uses 15% of monthly take-home income as an illustrative budget for vehicle expenses, including loan payments, insurance, maintenance, and fuel or charging costs. It also limits total monthly debt payments to 35% of take-home income. These are budgeting guidelines, not lender requirements or guarantees of affordability.

Taxes and Fees: The estimated maximum vehicle price accounts for your down payment, sales tax, and purchase fees. Sales tax is assumed to apply to the full vehicle price. Actual taxes and fees may vary by location.