How Much Car Can I Afford? Calculator

From the monthly payment you can handle, the APR and the term: the maximum vehicle price within reach.

Formula

Maximum loan = Maximum monthly payment × (1 − (1 + r)^−n) / r ; Maximum vehicle price = Maximum loan + Down payment

Assumptions

Standard amortising loan with fixed payments, excluding loan insurance, taxes and incentives: add them for your offer and country. Indicative only — not financial advice.

How to read it

The maximum price assumes the whole monthly budget goes to the loan. Keep room for insurance, fuel, maintenance and surprises — aiming at 80% of this figure is a prudent habit.

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