Car Affordability Calculator
So, how much car can you really afford? A general rule of thumb is to avoid spending more than 35% of your annual income before taxes on a car.
This calculator helps you explore different options by allowing you to adjust key factors like the down payment, interest rate, and loan term. It compares your monthly payment to what’s considered affordable.
Keep in mind, this tool isn’t designed for leasing. If you’re unsure whether to lease or buy, you can check out our detailed guide on the pros and cons of each or try our buy vs lease calculator.
