By June 25, 2013 Read More →

How Much Car Can I Afford?

Try the calculator below >

Whether you purchase new or used, the sticker price of your car is just the beginning of the costs of owning a vehicle.

For many people a vehicle is the second largest family expense behind housing. It’s important to consider other costs associated with car ownership that will make up your monthly payments such as insurance, gas, repairs, license fees and depreciation.

See also: Car Loan Calculator

Knowing what you can expect to spend on transportation before you buy a new vehicle is critical for proper budgeting and for guiding purchase decisions.

 

Estimate how much your car will cost based on how much you are able to afford in monthly car payments, the current interest rate, loan term and any down payment, trade-in or rebate amounts.

This car calculator will estimate the size of your car loan.

Car Affordability Calculator

 

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