Car Affordability Calculator
Estimate a car price from a monthly loan budget, down payment and upfront costs in one currency.
Formula
Loan = payment × [1−(1+r)^−n]/r; price = max(0, loan + down − costs); r = annual%/1200
Affordable loan (money) ≈ (400)×(1-(1+(6)÷1200)^(-(60)))÷((6)÷1200) · Car price budget (money) ≈ max(0,(20,690.2243)+(3,000)-(1,000))
How to use
- Set an affordable monthly loan payment.
- Enter fixed rate, months, cash down and taxes/fees.
- Review loan capacity and car price.
Examples
- At 0%, 100/month for 12 months supports a loan of 1,200.
Frequently asked questions
Are running costs included?
No. Reserve fuel, maintenance and insurance before choosing your payment.
What goes in costs?
Enter all taxes and fees as a money amount; no local rates are assumed.
Does this guarantee financing?
No. It is a fixed-rate estimate, not lender approval.
Sources
Updated: