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 afford
Down payment
Trade-in value (if any)
Loan term
Interest rate
Show payment schedule
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.
Cash down payment
$5,000.00
Trade-in
$3,000.00
Loan amount
$22,260.94
Total
$30,260.94
Calculator tips
You 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.
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