Car Affordability Calculator
Find out how much car you can afford based on your monthly payment budget, down payment, trade-in value, loan term, and APR
Affordable Car Price
Maximum Loan Amount
Down Payment + Trade-in
About Car Affordability
Knowing how much car you can afford starts with your monthly payment budget. By working backward from the payment you can comfortably make, the loan term, and the interest rate (APR), this calculator determines the maximum loan you can take on. Adding your down payment and any trade-in value gives you the total price of the vehicle you can afford.
How It Works
The maximum loan amount is the present value of your monthly payments over the loan term at the given APR. Your affordable car price equals that loan amount plus your down payment plus your trade-in value.
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Disclaimer: This calculator provides estimates for educational purposes only. Results do not account for taxes, registration, insurance, fees, or other costs of ownership. Actual loan terms may vary. Consult with a qualified financial advisor before making purchasing decisions.