Car Affordability Calculator

Fixed-rate model with a user-selected payment budget. Does not determine loan eligibility or personal affordability.

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Result

Enter your values and run the tool to see your result.

Check the units, enter your values, and run the tool. Results follow the assumptions and method below.

Loan principal supported by paymentrate == 0 ? payment*months : payment*(1-(1+rate/1200)^(-months))/(rate/1200)

Arithmetic maximum purchase price((rate == 0) ? payment*months : payment*(1-(1+rate/1200)^(-months))/(rate/1200))+deposit-fees