How much car can I afford?
Start from a monthly payment you're comfortable with and see the most you should spend — then shop cars in your range.
You can afford a car up to
$23,500
≈ $449/mo for 60 months at 7.5% APR
- Amount financed
- $22,410
- Sales tax
- $1,410
- Total interest
- $4,533
Tip: keep your total car costs (payment, insurance, fuel) under about 15–20% of take-home pay.
Show cars I can affordCommon questions
How does the affordability calculator work?
It works backwards from the monthly payment you're comfortable with: it finds the loan amount that payment repays at your rate and term, then adds your down payment and trade-in equity and takes out sales tax and fees.
How much should I spend on a car?
A common guideline is to keep all car costs (payment, insurance, fuel and maintenance) to around 15–20% of your take-home pay. Your situation may differ.
Should I include insurance in my budget?
Enter only the amount you can put toward the loan payment. Set aside money separately for insurance, fuel, registration and maintenance.
Is this a loan approval?
No. It's an estimate for planning. Lenders decide your rate and how much you can borrow based on your credit and income.