Car Affordability Calculator

Work backward from a monthly payment you're comfortable with to the most expensive car you can afford.

Your details

Monthly payment budget$APR%Loan termDown payment$

Car you can afford

$30,251.00

Max loan: $25,251.00

Car you can afford$30,251.00

Formula

Max loan = budget × (1 − (1 + r)^−n) ÷ r. Car price = max loan + down payment.

Sources & methodology

•CFPB — auto loans — CFPB

Last updated: 2026-07-20

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