How Much Car Can You Afford?

 

How Much Car Can You Afford?

Before shopping for a car, it's important to know your price range. Committing to a car payment that you can't afford can have a negative effect on your finances.


Currency

How much do you have saved for a down payment?

$

Trade-in value of your current vehicle

$

Vehicle rebates

$

How quickly do you want to pay off your car?

How much can you afford to pay per month for a car?

$

What interest rate do you think you can qualify for on a loan?

%

Sales tax where you live

%


Results

Paying %RESULT_PAYMENT% a month for %RESULT_MONTHS% months, you should be able to afford a car that costs %RESULT_COST%.


Total cost of the car


Down payment + trade-in + rebates


Tax


Total loan amount

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