How Much Car Can I Afford?

How Much Car Can I Afford is a tool to estimate how much car you can afford based on the monthly payment that you can make, down payment, and interest rate. The car affordability calculator has options to include taxes and trade in value if you have an old car for trade in.

Car Affordability Calculator
Monthly Payment	$
Down Payment	$
Loan Terms	Months
Interest Rate	%
Trade In Value	$
Sales Tax	%

You can afford a $50,593.40 car with a monthly payment of $876.00.

Car Loan Result
Mortgage Amount:	$42,617.14
Standard Monthly Payment (Principal & Interest):	$876.00
Down Payment:	$10000
Trade In Value:	$0
Payoff Date:	Jun, 2030
Principal Paid:	$42,617.14
Interest Paid:	$9,942.86
Total Payments:	$52,560.00

Car Loan Amortization Schedule
Payment Date	Payment #	Interest Paid	Principal Paid	Total Payment	Remaining Balance
Jul, 2025	1	$304.71	$571.29	$876.00	$42,045.85
Aug, 2025	2	$300.63	$575.37	$876.00	$41,470.48
Sep, 2025	3	$296.51	$579.49	$876.00	$40,890.99
Oct, 2025	4	$292.37	$583.63	$876.00	$40,307.37
Nov, 2025	5	$288.20	$587.80	$876.00	$39,719.56
Dec, 2025	6	$283.99	$592.01	$876.00	$39,127.56
Jan, 2026	7	$279.76	$596.24	$876.00	$38,531.32
Feb, 2026	8	$275.50	$600.50	$876.00	$37,930.82
Mar, 2026	9	$271.21	$604.79	$876.00	$37,326.02
Apr, 2026	10	$266.88	$609.12	$876.00	$36,716.91
May, 2026	11	$262.53	$613.47	$876.00	$36,103.43
Jun, 2026	12	$258.14	$617.86	$876.00	$35,485.57
Jul, 2026	13	$253.72	$622.28	$876.00	$34,863.29
Aug, 2026	14	$249.27	$626.73	$876.00	$34,236.56
Sep, 2026	15	$244.79	$631.21	$876.00	$33,605.36
Oct, 2026	16	$240.28	$635.72	$876.00	$32,969.63
Nov, 2026	17	$235.73	$640.27	$876.00	$32,329.37
Dec, 2026	18	$231.15	$644.85	$876.00	$31,684.52
Jan, 2027	19	$226.54	$649.46	$876.00	$31,035.07
Feb, 2027	20	$221.90	$654.10	$876.00	$30,380.97
Mar, 2027	21	$217.22	$658.78	$876.00	$29,722.19
Apr, 2027	22	$212.51	$663.49	$876.00	$29,058.71
May, 2027	23	$207.77	$668.23	$876.00	$28,390.47
Jun, 2027	24	$202.99	$673.01	$876.00	$27,717.47
Jul, 2027	25	$198.18	$677.82	$876.00	$27,039.65
Aug, 2027	26	$193.33	$682.67	$876.00	$26,356.98
Sep, 2027	27	$188.45	$687.55	$876.00	$25,669.43
Oct, 2027	28	$183.54	$692.46	$876.00	$24,976.97
Nov, 2027	29	$178.59	$697.41	$876.00	$24,279.55
Dec, 2027	30	$173.60	$702.40	$876.00	$23,577.15
Jan, 2028	31	$168.58	$707.42	$876.00	$22,869.73
Feb, 2028	32	$163.52	$712.48	$876.00	$22,157.25
Mar, 2028	33	$158.42	$717.58	$876.00	$21,439.67
Apr, 2028	34	$153.29	$722.71	$876.00	$20,716.97
May, 2028	35	$148.13	$727.87	$876.00	$19,989.09
Jun, 2028	36	$142.92	$733.08	$876.00	$19,256.01
Jul, 2028	37	$137.68	$738.32	$876.00	$18,517.70
Aug, 2028	38	$132.40	$743.60	$876.00	$17,774.10
Sep, 2028	39	$127.08	$748.92	$876.00	$17,025.18
Oct, 2028	40	$121.73	$754.27	$876.00	$16,270.91
Nov, 2028	41	$116.34	$759.66	$876.00	$15,511.25
Dec, 2028	42	$110.91	$765.09	$876.00	$14,746.15
Jan, 2029	43	$105.44	$770.56	$876.00	$13,975.59
Feb, 2029	44	$99.93	$776.07	$876.00	$13,199.51
Mar, 2029	45	$94.38	$781.62	$876.00	$12,417.89
Apr, 2029	46	$88.79	$787.21	$876.00	$11,630.68
May, 2029	47	$83.16	$792.84	$876.00	$10,837.84
Jun, 2029	48	$77.49	$798.51	$876.00	$10,039.33
Jul, 2029	49	$71.78	$804.22	$876.00	$9,235.11
Aug, 2029	50	$66.03	$809.97	$876.00	$8,425.14
Sep, 2029	51	$60.24	$815.76	$876.00	$7,609.38
Oct, 2029	52	$54.41	$821.59	$876.00	$6,787.79
Nov, 2029	53	$48.53	$827.47	$876.00	$5,960.32
Dec, 2029	54	$42.62	$833.38	$876.00	$5,126.94
Jan, 2030	55	$36.66	$839.34	$876.00	$4,287.59
Feb, 2030	56	$30.66	$845.34	$876.00	$3,442.25
Mar, 2030	57	$24.61	$851.39	$876.00	$2,590.86
Apr, 2030	58	$18.52	$857.48	$876.00	$1,733.39
May, 2030	59	$12.39	$863.61	$876.00	$869.78
Jun, 2030	60	$6.22	$869.78	$876.00	$0.00