Automotive CalculatorsPrivate by design
Car Loan Affordability Calculator
Enter your monthly income, target percentage, interest rate, and loan term to calculate the maximum car loan you can afford.
How to use this tool
- 1Enter your gross monthly income.
- 2Enter the maximum percentage you want to spend on a car payment.
- 3Enter your expected interest rate and loan term.
- 4See your maximum affordable monthly payment and loan amount.
Frequently asked questions
What percentage of income should go to a car payment?+
10-15% of gross monthly income is a commonly cited guideline, though this doesn't include insurance, fuel, and maintenance, which you should budget for separately.
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