Start from the payment, not the sticker
Dealers love to talk in monthly payments, but the real question is what total price that payment supports. This tool works backward: from your comfortable monthly payment, the loan rate and the term, it finds the loan you can service, then adds your down payment to get the maximum car price.
Longer terms are a trap
Stretching the loan over more years lowers the monthly payment and makes a pricier car look affordable — but you pay far more interest and can end up owing more than the car is worth. Compare the total price across terms, not just the monthly figure.
Budget beyond the payment
A car also costs fuel, insurance, maintenance and registration. Leave room for those so the monthly payment isn't the whole of what you can spend.
Frequently asked questions
Should I include taxes and fees?
This gives the car price your loan and down payment support. Taxes, dealer fees and add-ons come on top, so aim a little below the maximum.
Is a bigger down payment better?
Usually yes — it raises the price you can afford or lowers the payment, and reduces interest and the risk of negative equity.
How much car can I afford?
A common guide is to keep the car payment under 10–15% of your monthly income and the total price below about half your annual income.
What costs beyond the payment should I include?
Insurance, registration, fuel and maintenance. A cheap car with high running costs can end up costing more than a pricier, efficient one.
How much should I put down?
A bigger down payment lowers both the payment and the interest. Around 20% is a reasonable starting point.