Car Affordability Calculator
Any country Currency-neutral arithmetic. Enter figures in your own currency; no country tax rules are applied.
Work out an affordable vehicle price from your income and existing debts using the 20/4/10 rule, with insurance, fuel, and maintenance counted against the budget.
Educational estimate only. Not a lending decision. Your numbers stay in this browser.
Results
How to read this: the verdict describes how much room your numbers leave, not a decision or an offer. Change any input to see how much the result moves.
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A guided loan comparison journey is not built yet. Until it is, the loan calculator group puts payment, term, and total cost next to each other.
Browse loan calculatorsLoan guides
These guides explain repayment schedules, APR, personal loan payment factors, and auto loan total cost.
- Loan repayment schedule explained
- APR vs interest rate
- Personal loan payment factors
- Auto loan total cost
For all guide topics, open Guides. For source and estimate boundaries, read Calculation Methodology and Sources and Assumptions.
Assumptions and formula
This calculator uses the standard fixed-rate repayment schedule, keeps full precision internally, and rounds currency only for display and export.
Each period applies interest, scheduled principal, then any allowed extra principal.
Worked example
A fixed-rate monthly repayment scenario produces a payment schedule that reduces principal until the balance reaches zero.
Frequently asked questions
How much car can I afford on my salary?
The widely used guideline is 20/4/10: put at least 20% down, borrow over no more than four years, and keep all transport costs within 10% of gross monthly income. The part most calculators miss is that the 10% covers insurance, fuel, and maintenance as well as the loan, so the payment you can afford is what is left after those are paid, not the whole budget. This page starts from your gross income and existing debt payments, subtracts running costs, applies both the transport-budget limit and a total debt-to-income limit, and names which of the two is actually constraining you.
Why does it ask for my income instead of a monthly payment?
Because the payment is the answer, not the question. It works out what you can afford from your income and existing debts, then subtracts insurance, fuel, and maintenance before turning what is left into a loan. It follows the 20/4/10 guideline: 20% down, 48 months or less, and all transport costs within 10% of gross income.