Car Payment and Affordability Calculator

What to Consider for Car Payments and Affordability

When you’re in the market for new or used cars, it can get rather daunting when you have no idea where to start. One of the keys to a successful car purchase is knowing what you can afford. This car payment calculator takes all the hard work out of making a sound financial decision. Simply enter in your desired monthly payment or vehicle price and it will return your results. In addition to finding results, we will present you with a list of recommended vehicles that is tailored to your budget.
Vehicle Price
Enter the MSRP, sales, asking or retail price of your vehicle
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Look up the price of your car
NADAguides Trade-in Value
What is the NADAguides trade-in value of your current vehicle? Note: make sure to deduct any remaining loan balance if you have one.
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Get your NADAguides trade-in
Down Payment
Will you be putting money "down" on the purchase? If so, how much?
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Loan Interest Rate
 %
What finance/car loan interest ate do you qualify for? 3.75% is based on average credit score.
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Loan Term

How quickly (in months) do you plan to pay off the car loan? Typically loan terms are offered at 36, 48 and 60 months.
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Sales Tax
 %
Depending on the state you are buying a new car or a used car in or even leasing it, you may have to pay state sales tax. Keep in mind trading in your existing car may reduce the taxable amount as well. Also, some states compute your sales tax before a rebate or incentive is applied to the purchase price and other states figure it afterwards.
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Don't know?
Monthly Payment
Enter your desired monthly payments
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Look up the price of your car
NADAguides Trade-in Value
What is the NADAguides trade-in value of your current vehicle? Note: make sure to deduct any remaining loan balance if you have one.
Read more
Get your NADAguides trade-in
Down Payment
Will you be putting money "down" on the purchase? If so, how much?
Read more
Loan Interest Rate
 %
What finance/car loan interest ate do you qualify for? 3.75% is based on average credit score.
Read more
Loan Term

How quickly (in months) do you plan to pay off the car loan? Typically loan terms are offered at 36, 48 and 60 months.
Read more
Sales Tax
 %
Depending on the state you are buying a new car or a used car in or even leasing it, you may have to pay state sales tax. Keep in mind trading in your existing car may reduce the taxable amount as well. Also, some states compute your sales tax before a rebate or incentive is applied to the purchase price and other states figure it afterwards.
Read more
Don't know?

Car Payment and Affordability Calculator Help

Vehicle Price – This figure represents the vehicles sticker price or negotiated price, this is the price that the seller and buyer have agreed upon for purchase of the car. This figure does not include sales tax or the cost of financing the loan.
Monthly Payment –This figure represents the amount the borrower is responsible for on a monthly basis. When allocating a budget for a monthly auto loan payment, a purchaser should also consider auto insurance, repairs, maintenance, and fuel costs.
Down Payment – TThis figure represents the amount a purchaser is going to pay at the time of purchase. The higher the down payment amount, the lower the amount of interest the purchaser will pay over time.
Trade-In Value – This figure represents the value of your current vehicle, minus the amount you still owe on its loan, if any. To find your vehicles Trade-In Value simply select your vehicle from this page, and subtract any outstanding loan balances from that value.
Interest Rate – This is the rate at which you will have to pay back additional funds for the use of money lent to you. Interest Rates are calculated based off of borrower’s credit scores, and the amount of money being lent. To minimize the amount of interest paid, increase the amount of your down payment and increase your monthly payments when possible.
Loan Term – This is the amount of time a loans repayment is scheduled over. Typically a longer loan term means a buyer will have a lower monthly payment, but will pay more in interest over time.
Sales Tax – Sales tax is a combination of your local and state sales tax rates. This figure is not represented in the sticker price of a vehicle, but contributes to the total cost of purchasing a vehicle.
FICO Score – FICO® scores can impact the interest you pay on a loan. Below is an example set of FICO® scores and the respective APR. You can see that working to get your score in the higher ranges can mean more savings!
FICO Score APR
760-850 3.442 %
700-759 3.664 %
680-699 3.841 %
660-679 4.055 %
640-659 4.485 %
620-639 5.031 %

Auto Ownership Education Center

Leasing vs Owning True Cost of Ownership Down Payment
Actual price and payments may be different due to local rebates, specials, fees, and credit qualifications.
Consult your dealer for actual price, payments, and complete details.
View Disclosures.

$ 0

Cost factors included in your monthly payment.
Vehicle Price:
$ 0
Interest Paid:
$ 0
Sales Tax:
$ 0
Total Cost:
$ 0

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