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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.

Stapsgewijze handleiding

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

Uitgewerkte voorbeelden