What Car Can I Afford?
Estimate a safe monthly payment and the vehicle price range that fits your budget.
How Affordability Is Estimated
We take 15%–20% of your monthly take-home pay, subtract your existing debt payments, and use the result as a comfortable car-payment range. That payment is then translated into an approximate vehicle price using typical used-car interest rates and 5–7 year loan terms, plus your down payment. Lower debt and a larger down payment both push the range higher.