Calculator
Car Affordability Calculator
How much car can you afford?
Frequently Asked Questions
What percentage of income should go to a car?
The general rule is the 20/4/10 guideline: 20% down payment, 4-year loan maximum, and total car costs (payment + insurance + gas + maintenance) should not exceed 10-15% of gross monthly income. Most financial advisors say your car payment alone should not exceed 10% of your take-home pay.
About the Car Affordability Calculator
Calculate how much car you can afford based on your income, expenses, and savings. See conservative, moderate, and stretch budget recommendations.