Home Resources Useful Links Useful Links Financial Calculators October 1, 2021 CPAs & Advisors How much car can I afford? This calculator computes the most expensive car you can buy based on the highest monthly payment you can afford. The calculated amount includes taxes and documentation fees. All fields are required. Highest monthly payment you can affordDown paymentTrade-in value (if any)Loan termloan term in months or years Months YearsInterest rateShow payment schedule Calculator Results Based on the information entered, the total amount that you can afford to pay on your car, taxes, and document fees is $30,260.94. Financial DetailsCash down payment$5,000.00Trade-in$3,000.00Loan amount$22,260.94Total$30,260.94 Calculator tipsYou will pay $1,739.06 in interest over the course of the loan. This calculator computes the loan amount (which includes taxes and documentation fees), but does not indicate whether you would qualify for the loan. Calculator disclaimer The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. Presented by TimeValue Software ©2025
