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Car Affordability Calculator — How Much Car Can You Afford?
Find out how much car you can truly afford based on your income, existing debts, and the full cost of ownership.
Car Affordability Details
$5,500
$
$600
$
$3,000
$
7.49%
%
60
Results
LiveMaximum Car Price
$44,182
Max Monthly Car Payment (15% rule)$825
Maximum Auto Loan$41,182
Total Loan Cost (interest incl.)$49,500
Max Monthly Car Payment (15% rule)$825
Maximum Auto Loan$41,182
Maximum Car Price$44,182
How to use
Change one assumption at a time to see what moves the answer most.
Frequently Asked Questions
Everything you need to know.
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Why This Matters
The average new car payment is $735/month. Most financial experts recommend keeping all vehicle costs under 15% of take-home pay. Many Americans are dramatically over-allocated to car ownership.
How to Use It
- 1Enter your monthly take-home income
- 2Enter any existing monthly debt payments
- 3Set the loan term and expected interest rate
- 4See the maximum affordable vehicle price — and monthly payment breakdown
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