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COST & TOOLS

How much car can I afford?

Set a monthly payment you are comfortable with and instantly see the car price it supports. Adjust your down payment, rate and term to plan smart.
How much car can you afford?
Set a comfortable monthly payment and see the car price it supports.
Car price you can afford
$28,000
Estimate only. Excludes tax, insurance and fees.
Max loan amount
$0
Total interest
$0
QUICK ANSWERS

Car affordability, answered

How much should I spend on a car?
A common guideline is to keep your total monthly car costs (payment, insurance and fuel) within about 15-20% of your take-home pay, and to choose the shortest loan term you can comfortably afford.
What does this calculator include?
It estimates the car price your monthly payment supports, based on your down payment, APR and term. It does not include sales tax, registration, insurance or fees, so budget extra for those.
Should I use my whole budget on the payment?
No. Leave room for insurance, fuel or charging, maintenance and unexpected costs. A slightly smaller payment gives you a healthier financial cushion.
How can I afford more car?
Increase your down payment, secure a lower interest rate by comparing lenders, or consider a reliable used car that gives you more for the same monthly payment.

Plan the rest of the cost

Affordability is more than the payment. Check running costs and insurance too.
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