Car Affordability Calculator

Reverse the loan formula on your target payment and term to find the loan you can carry, then add the down payment. Calculate it clearly with Figur.

How the car affordability calculator works

Reverse the loan formula on your target payment and term to find the loan you can carry, then add the down payment.

Method and assumptions

Figur applies standard payment, interest, or projection formulas to the values you enter. The calculation runs entirely in your browser.

  • Rates and contributions stay constant for the period unless the calculator says otherwise.
  • Taxes, insurance, fees, penalties, and lender-specific terms are excluded unless a field explicitly includes them.
  • Results are rounded estimates; a financial institution may use different rounding rules or payment dates.

This tool is for general information, not financial, tax, legal, or investment advice. Confirm important figures with the relevant institution or a qualified professional.

Sources and references

No external rates or products are consulted: the calculator applies standard financial formulas only to the values you enter.

Worked example

$450/month for 60 months at 7% with $4,000 down.

You can afford about a $26,725.90 car.

Frequently asked questions

What is a comfortable payment?

A common rule keeps car payments under 10–15% of take-home pay.

Does the down payment add up?

Yes. Your affordable price is the financed loan plus your down payment.

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