Updated August 18, 2025
How Much Car Can I Afford?
Calculate your car budget based on your income and debt-to-income ratio. Get instant results to shop within your means and avoid overextending your finances.
Your Financial Details
Enter your income and loan preferences to see how much car you can afford.
Your Car Budget
Based on your income and debt-to-income ratio
Maximum Vehicle Price
$63,713
Max Monthly Payment
$1,200.00
Max Loan Amount
$62,823
Down Payment
$5,000
💡 Smart Shopping Tips
- • Budget for insurance, maintenance, and fuel costs
- • Consider certified pre-owned for better value
- • Get pre-approved for financing before shopping
- • Leave room in your budget for unexpected expenses
Understanding Your Car Budget
This calculator helps you determine a realistic car budget based on your income and desired debt-to-income ratio. Remember that the total cost of car ownership includes more than just the monthly payment.
Conservative (10-15%)
For those who prioritize savings and financial security
Moderate (15-20%)
Balanced approach for most car buyers
Aggressive (20%+)
Higher payments may strain your budget