Determine how much car you can afford based on your income and financial situation. Calculate with the 20/4/10 rule and total ownership costs including insurance, maintenance, and fuel. Perfect for smart car buying decisions.

Car Affordability Calculator

Determine how much car you can afford based on your income and budget

Income & Existing Debts

5%15%25%

Loan Details

Estimated Monthly Costs

Affordable

Based on your income and expenses, this budget is reasonable for a car purchase.

Maximum Affordable Price

$22,888
Limited by the lower of your 15% all-in vehicle budget and a 36% total-debt ratio
Active constraint: vehicle budget. Purchase taxes and fees are not included.

Monthly Breakdown

Max Loan Payment$350.00
Insurance$150.00
Maintenance$100.00
Fuel$150.00
Total Monthly Cost$750.00

Financial Summary

Total Upfront Cash$5,000
Down Payment %21.8%
Debt-to-Income Ratio17.0%
Estimated Cash Outflow Over 60 Months$50,000

20/4/10 Rule Check

✓20% down payment (Met)
⚠️4-year loan or less (Recommended)
⚠️Total costs under 10% of income (Consider lower price)