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A car affordability calculator determines the maximum car price you can afford based on your income, desired monthly payment, down payment, and loan terms. It prevents overextending on a vehicle purchase.

Guía paso a paso

  1. 1Set a target monthly payment (ideally ≤15% of take-home pay)
  2. 2Work backward from payment to find maximum loan amount
  3. 3Add down payment and trade-in to get maximum purchase price
  4. 4Subtract taxes and fees to get the target vehicle price

Ejemplos resueltos

Entrada
$60,000 income · 15% rule
Resultado
Max car price ≈ $9,000 (cash) or $36,000 (financing)

Configuración

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