Car Affordability Calculator
Explore what vehicle price range may fit your budget, based on your income and existing debts.
Your numbers
Estimated vehicle price range
$36,191–$51,786
Including your down payment of $5,000, before taxes and fees
- Estimated monthly payment
- $625–$938
- Gross monthly income
- $6,250
Assumptions used
A car payment between 10% and 15% of gross monthly income, with total monthly debt payments capped at 36% of gross income. These are common rules of thumb, not lending standards.
Affordability depends on your individual circumstances, including other expenses, savings and insurance costs. Lenders apply their own criteria.
How this calculator works
The calculator applies a common budgeting guideline to your gross monthly income to find a comfortable car payment range, reduces it if your existing debts are high, and converts that payment range into a vehicle price range using your APR, loan term and down payment.
It's a starting point, not a lending decision. It doesn't include insurance, fuel, maintenance, taxes or fees, which also need to fit in your budget.