Car Affordability Calculator
Explore a conservative mathematical payment cap based on monthly income and existing monthly debt. Actual lender rules vary; this is not an approval or credit assessment.
Enter your figures
Use your own values for a meaningful estimate.
How this calculation works
Available payment = max(0, income × chosen payment share − existing debts). Principal = payment × [1 − (1+r)^−n] ÷ r, or payment × n at zero rate. Budget = principal + down payment.
Worked example
Monthly income 5,000, 12% target vehicle payment share, 100 other monthly debt yields 500 available payment. At 6% APR for 60 months this supports around 25,862 financed before the down payment.
Use the selected country only for currency and unit presentation. This site does not perform exchange-rate conversion or infer regional prices.
Frequently asked questions
Does it include insurance or maintenance?
No. Reduce your budget to make room for all ongoing ownership costs.
Is this a bank lending limit?
No. It is only a user-selected cash-flow guideline.