New Car Affordability Calculator
Enter the monthly payment you can afford, rate, and term. See the maximum loan amount (and approximate car price with down payment).
Max car loan
Enter values to calculate.
How it works
We reverse the payment formula: max loan = payment × [(1+r)^n − 1] / [r(1+r)^n]. Add your down payment for max car price.
When to use it
Use it to set a budget before visiting dealers or to see how rate/term affect what you can afford.
Frequently asked questions
Include taxes and fees?
This is loan only. Reduce your target payment to leave room for tax, title, registration.
Same as max loan?
Yes. Max loan calculator uses the same formula; this one is framed for car buying.