{"id":67186,"date":"2026-10-20T09:51:43","date_gmt":"2026-10-20T06:51:43","guid":{"rendered":"https:\/\/wpcalc.com\/en\/?p=67186"},"modified":"2026-10-20T09:51:43","modified_gmt":"2026-10-20T06:51:43","slug":"car-affordability-calculator-how-much-car-can-i-afford","status":"publish","type":"post","link":"https:\/\/wpcalc.com\/en\/life\/car-affordability-calculator-how-much-car-can-i-afford\/","title":{"rendered":"Car Affordability Calculator \u2013 How Much Car Can I Afford"},"content":{"rendered":"<section class=\"not-prose calculator-box\" aria-labelledby=\"calculator-title\"><div class=\"flex items-baseline sm:items-center justify-between gap-2 sm:gap-3\"><div class=\"flex flex-col sm:flex-row sm:items-center gap-2\"><span class=\"icon icon-calculator text-primary-700! text-base! dark:text-primary-300!\" aria-hidden=\"true\"><\/span><h2 id=\"calculator-title\" class=\"text-lg font-display font-bold\">Estimate Your Maximum Vehicle Price<\/h2><\/div><div class=\"calcdash-favorite group\">\n  <button type=\"button\" class=\"favorite\" id=\"favorite\" data-favorite-id=\"67186\" data-favorite-title=\"Car Affordability\" data-favorite-url=\"https:\/\/wpcalc.com\/en\/life\/car-affordability-calculator-how-much-car-can-i-afford\/\" data-favorite-excerpt=\"Estimate the maximum vehicle price you can afford from a target monthly payment or your income. Enter your loan rate, down payment, trade-in equity, taxes, fees, and monthly driving costs.\" aria-label=\"Add to Favorites\" data-favorite-icon=\"icon icon-roadways\">\n    <span class=\"icon icon-shape-star-empty\" aria-hidden=\"true\"><\/span>\n  <\/button>\n  <div class=\"calcdash-favorite__tip\" aria-hidden=\"true\">\n   <span class=\"favorite-tooltip\" id=\"favorite-tooltip\"><\/span>\n  <\/div>\n  <span class=\"sr-only\" role=\"status\" id=\"favorite-status\"><\/span>\n<\/div><\/div><form action=\"https:\/\/wpcalc.com\/en\/life\/car-affordability-calculator-how-much-car-can-i-afford\/\" method=\"POST\" class=\"calculator\" id=\"calculator-67186\" data-post=\"67186\"><fieldset class=\"fieldset-input is-2\"><legend class=\"sr-only\">Input Fields<\/legend><div class=\"field is-single\" id=\"input-1\"><label for=\"field-1\">Calculate by<\/label><div class=\"grid grid-cols-1\"><select id=\"field-1\" name=\"calculate_by\"><option value=\"payment\" selected>Monthly payment<\/option><option value=\"income\">Income and the 20\/4\/10 rule<\/option><\/select><svg class=\"pointer-events-none col-start-1 row-start-1 mr-2 size-5 self-center justify-self-end text-gray-500 sm:size-4\" viewBox=\"0 0 16 16\" fill=\"currentColor\" aria-hidden=\"true\" data-slot=\"icon\">\n              <path fill-rule=\"evenodd\" d=\"M4.22 6.22a.75.75 0 0 1 1.06 0L8 8.94l2.72-2.72a.75.75 0 1 1 1.06 1.06l-3.25 3.25a.75.75 0 0 1-1.06 0L4.22 7.28a.75.75 0 0 1 0-1.06Z\" clip-rule=\"evenodd\" \/>\n            <\/svg><\/div><\/div><div class=\"field\" id=\"input-2\"><label for=\"field-2\">Desired monthly payment<\/label><input type=\"text\" name=\"desired_monthly_payment\" id=\"field-2\" aria-describedby=\"calc-unit-2\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0.01\" value=\"400\"\/><div class=\"unit\" id=\"calc-unit-2\">$\/month<\/div><\/div><div class=\"field\" id=\"input-3\"><label for=\"field-3\">Loan term<\/label><input type=\"text\" name=\"loan_term\" id=\"field-3\" aria-describedby=\"calc-unit-3 calc-info-3\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"36\" max=\"84\" value=\"48\"\/><div class=\"unit\" id=\"calc-unit-3\">months<\/div><small id=\"calc-info-3\">Income mode uses a 48-month loan to follow the 20\/4\/10 guideline.<\/small><\/div><div class=\"field\" id=\"input-4\"><label for=\"field-4\">Gross monthly income<\/label><input type=\"text\" name=\"gross_monthly_income\" id=\"field-4\" aria-describedby=\"calc-unit-4\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0.01\" value=\"8000\"\/><div class=\"unit\" id=\"calc-unit-4\">$\/month<\/div><\/div><div class=\"field\" id=\"input-5\"><label for=\"field-5\">Other monthly debt payments<\/label><input type=\"text\" name=\"other_monthly_debt_payments\" id=\"field-5\" aria-describedby=\"calc-unit-5 calc-info-5\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" value=\"500\"\/><div class=\"unit\" id=\"calc-unit-5\">$\/month<\/div><small id=\"calc-info-5\">Used for an additional 36% debt-to-income check.<\/small><\/div><div class=\"field\" id=\"input-6\"><label for=\"field-6\">Loan APR<\/label><input type=\"text\" name=\"loan_apr\" id=\"field-6\" aria-describedby=\"calc-unit-6\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" max=\"100\" value=\"6\"\/><div class=\"unit\" id=\"calc-unit-6\">%<\/div><\/div><div class=\"field\" id=\"input-7\"><label for=\"field-7\">Cash down payment<\/label><input type=\"text\" name=\"cash_down_payment\" id=\"field-7\" aria-describedby=\"calc-unit-7\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" value=\"6000\"\/><div class=\"unit\" id=\"calc-unit-7\">$<\/div><\/div><div class=\"field\" id=\"input-8\"><label for=\"field-8\">Trade-in value<\/label><input type=\"text\" name=\"tradein_value\" id=\"field-8\" aria-describedby=\"calc-unit-8 calc-info-8\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" value=\"2000\"\/><div class=\"unit\" id=\"calc-unit-8\">$<\/div><small id=\"calc-info-8\">Enter the trade-in equity available toward this purchase.<\/small><\/div><div class=\"field\" id=\"input-9\"><label for=\"field-9\">Sales tax rate<\/label><input type=\"text\" name=\"sales_tax_rate\" id=\"field-9\" aria-describedby=\"calc-unit-9\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" max=\"100\" value=\"6\"\/><div class=\"unit\" id=\"calc-unit-9\">%<\/div><\/div><div class=\"field\" id=\"input-10\"><label for=\"field-10\">Purchase fees<\/label><input type=\"text\" name=\"purchase_fees\" id=\"field-10\" aria-describedby=\"calc-unit-10 calc-info-10\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" value=\"400\"\/><div class=\"unit\" id=\"calc-unit-10\">$<\/div><small id=\"calc-info-10\">Fees are included in the amount financed.<\/small><\/div><div class=\"field\" id=\"input-11\"><label for=\"field-11\">Monthly insurance<\/label><input type=\"text\" name=\"monthly_insurance\" id=\"field-11\" aria-describedby=\"calc-unit-11\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" value=\"130\"\/><div class=\"unit\" id=\"calc-unit-11\">$\/month<\/div><\/div><div class=\"field\" id=\"input-12\"><label for=\"field-12\">Monthly fuel<\/label><input type=\"text\" name=\"monthly_fuel\" id=\"field-12\" aria-describedby=\"calc-unit-12\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" value=\"170\"\/><div class=\"unit\" id=\"calc-unit-12\">$\/month<\/div><\/div><\/fieldset><div class=\"buttons\"><button type=\"submit\" data-text=\"Re-Calculate\" id=\"calculate-button\" data-post=\"67186\">Calculate<\/button><button type=\"reset\">Reset<\/button><\/div><div class=\"field is-checkbox hidden!\" id=\"field-auto-calc\"><input type=\"checkbox\" id=\"auto-calc\"><label for=\"auto-calc\">Calculate automatically<\/label><small>If enabled, the result will update automatically when you change any value.<\/small><\/div><div class=\"fieldset-result is-hidden\" aria-labelledby=\"result-title\" aria-live=\"polite\" role=\"region\"> <h3 class=\"result-title bg-gradient-to-r from-primary-50 to-gray-50 dark:from-primary-900 dark:to-gray-800\" id=\"result-title\"><span class=\"icon icon-s-pulse\" aria-hidden=\"true\"><\/span> Car Affordability Estimate<\/h3><div class=\"result-box\"><div class=\"field-result\" id=\"output-1\"><span class=\"field-title\"><span>Maximum vehicle price<\/span><\/span><span class=\"field-value\" id=\"result-1\" data-unit=\"$\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copy Result\" aria-label=\"Copy Result\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><div class=\"field-result\" id=\"output-2\"><span class=\"field-title\"><span>Loan amount<\/span><\/span><span class=\"field-value\" id=\"result-2\" data-unit=\"$\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copy Result\" aria-label=\"Copy Result\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><div class=\"field-result\" id=\"output-3\"><span class=\"field-title\"><span>Total loan interest<\/span><\/span><span class=\"field-value\" id=\"result-3\" data-unit=\"$\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copy Result\" aria-label=\"Copy Result\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><div class=\"field-result\" id=\"output-4\"><span class=\"field-title\"><span>Monthly loan payment<\/span><\/span><span class=\"field-value\" id=\"result-4\" data-unit=\"$\/month\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copy Result\" aria-label=\"Copy Result\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><div class=\"field-result is-column\" id=\"output-5\"><span class=\"field-title\"><span>20\/4\/10 guideline checklist<\/span><\/span><span class=\"field-value\" id=\"result-5\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copy Result\" aria-label=\"Copy Result\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><div class=\"field-result is-column\" id=\"output-6\"><span class=\"field-title\"><span>Budget details<\/span><\/span><span class=\"field-value\" id=\"result-6\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Copy Result\" aria-label=\"Copy Result\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><\/div><div class=\"result-actions\"><button type=\"button\" class=\"copy-link\"><svg viewBox=\"0 0 20 20\" fill=\"currentColor\" aria-hidden=\"true\"><path d=\"M12.232 4.232a2.5 2.5 0 0 1 3.536 3.536l-1.225 1.224a.75.75 0 0 0 1.061 1.06l1.224-1.224a4 4 0 0 0-5.656-5.656l-3 3a4 4 0 0 0 .225 5.865.75.75 0 0 0 .977-1.138 2.5 2.5 0 0 1-.142-3.667l3-3Z\"\/><path d=\"M11.603 7.963a.75.75 0 0 0-.977 1.138 2.5 2.5 0 0 1 .142 3.667l-3 3a2.5 2.5 0 0 1-3.536-3.536l1.225-1.224a.75.75 0 0 0-1.061-1.06l-1.224 1.224a4 4 0 1 0 5.656 5.656l3-3a4 4 0 0 0-.225-5.865Z\"\/><\/svg><span class=\"copy-link__text\">Copy link to this calculation<\/span><\/button><span class=\"sr-only\" role=\"status\" id=\"copy-link-status\"><\/span><\/div><\/div><a href=\"#respond\" class=\"hidden transition-opacity duration-300 opacity-0 w-50 text-sm justify-center items-center gap-2 px-4 py-2 rounded bg-gray-200 text-gray-700 hover:bg-gray-300\" id=\"leave-comment\"><span class=\"icon icon-comments\" aria-hidden=\"true\"><\/span>Leave a Comment<\/a><\/form><\/section><section id=\"calc-reactions\" class=\"not-prose hidden my-12 bg-gradient-to-r from-primary-50 to-gray-50 border border-indigo-100 rounded-xl px-6 py-4 shadow-sm\" data-post=\"67186\" aria-live=\"polite\" aria-labelledby=\"calc-reactions-title\"><p id=\"calc-reactions-title\" class=\"text-sm text-gray-500 text-center mb-2\">How did this result make you feel?<\/p><div role=\"group\" aria-labelledby=\"calc-reactions-title\" class=\"grid grid-cols-3 sm:flex sm:flex-row sm:justify-around gap-4 sm:items-center sm:flex-wrap\"><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"like\"><span class=\"reaction-count\" data-reaction-count=\"like\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\ude00 <\/span><span class=\"reaction-description font-medium\">Like <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"helpful\"><span class=\"reaction-count\" data-reaction-count=\"helpful\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\udca1 <\/span><span class=\"reaction-description font-medium\">Helpful <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"confused\"><span class=\"reaction-count\" data-reaction-count=\"confused\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\ude15 <\/span><span class=\"reaction-description font-medium\">Confused <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"disappointed\"><span class=\"reaction-count\" data-reaction-count=\"disappointed\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\ude1e <\/span><span class=\"reaction-description font-medium\">Disappointed <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"inaccurate\"><span class=\"reaction-count\" data-reaction-count=\"inaccurate\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\u274c <\/span><span class=\"reaction-description font-medium\">Inaccurate <\/span><\/button><\/div><div id=\"reaction-message\" class=\"hidden mt-8 rounded-md border border-primary-100 bg-white\/50 backdrop-blur-sm px-4 py-2 text-sm text-center shadow-sm\"><\/div><\/section><div class=\"calcdash-ad not-prose calcdash-ad--calc_result calcdash-ad--in-article\"><ins class=\"adsbygoogle\" style=\"display:block\" data-ad-client=\"ca-pub-1721569815777345\" data-ad-slot=\"6317458308\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\"><\/ins><script>(adsbygoogle = window.adsbygoogle || []).push({});<\/script><\/div>\n<style id=\"wpcoderpro-inline-1\">.formula-box {\r\n\tborder-bottom: none !important;\r\n}<\/style><section class=\"formula-box\" aria-labelledby=\"formula-title\">\r\n\t<div id=\"formula-title\" class=\"not-prose font-display mb-4\"><span class=\"icon icon-formula\" aria-hidden=\"true\"><\/span><h2>Car Affordability Formula<\/h2><\/div>\r\n\t<figure class=\"not-prose formula\">\r\n\t\t<figcaption class=\"formula-title\">Formula<\/figcaption>\r\n\t\t<div class=\"text-base text-gray-800\" id=\"formula\">\n\\[\\begin{aligned}L&amp;=M\\frac{1-(1+r)^{-n}}{r}\\\\P&amp;=\\frac{L+D-F}{1+t}\\\\M_{\\text{income}}&amp;=\\min(0.10G-I-U,\\;0.36G-O)\\\\P_{\\text{income}}&amp;=\\min\\!\\left(\\frac{L_{\\text{income}}+D-F}{1+t},\\;\\frac{D}{0.20}\\right)\\end{aligned}\\]\n<\/div>\r\n\t<\/figure>\r\n\t<\/p>\n<p><strong>Where:<\/strong><\/p>\n<ul>\n<li>\\(P\\) \u2014 maximum vehicle price before sales tax and purchase fees.<\/li>\n<li>\\(L\\) \u2014 loan amount; \\(M\\) \u2014 monthly loan payment; \\(n\\) \u2014 loan term in months.<\/li>\n<li>\\(r\\) \u2014 monthly interest rate, equal to Loan APR divided by 1,200 when APR is entered as a percentage.<\/li>\n<li>\\(D\\) \u2014 cash down payment plus trade-in equity; \\(F\\) \u2014 purchase fees; \\(t\\) \u2014 sales tax rate as a decimal.<\/li>\n<li>\\(G\\) \u2014 gross monthly income; \\(I\\) \u2014 monthly insurance; \\(U\\) \u2014 monthly fuel; \\(O\\) \u2014 other monthly debt payments.<\/li>\n<li>\\(L_{\\text{income}}\\) \u2014 loan amount supported by \\(M_{\\text{income}}\\) over 48 months.<\/li>\n<\/ul>\n<p>In Monthly payment mode, the calculator converts your desired payment into a loan amount, then adds your upfront contribution to find the vehicle price. In income mode, it uses the lower of the payment-based price and the price allowed by a 20% down payment. At 0% APR, the loan amount is simply the monthly payment multiplied by the loan term.<\/p>\n<p>\r\n<\/section>\n<style id=\"wpcoderpro-inline-459\">.calculation-box {\r\n\tborder-bottom: none !important;\r\n}<\/style><section id=\"calculation\" class=\"calculation-box\" aria-labelledby=\"calculation-title\">\r\n\t<div id=\"calculation-title\" class=\"not-prose font-display\"><span class=\"icon icon-unordered-list\" aria-hidden=\"true\"><\/span><h2>Car Affordability \u2013 Calculation Example<\/h2><\/div>\r\n\r\n<\/p>\n<p><strong>Example:<\/strong> With the default settings, you want a $400 monthly loan payment for 48 months at 6% APR. You have $6,000 cash down and $2,000 in trade-in equity, with 6% sales tax and $400 in purchase fees.<\/p>\n<p>\\[\\begin{aligned}r&amp;=6\/1200=0.005\\\\L&amp;=400\\frac{1-(1.005)^{-48}}{0.005}\\approx\\$17{,}032.13\\\\P&amp;=\\frac{17{,}032.1271+6{,}000+2{,}000-400}{1.06}\\approx\\$23{,}237.86\\end{aligned}\\]<\/p>\n<p><strong>Result:<\/strong> the maximum vehicle price is <strong>$23,237.86<\/strong> before tax and fees. The loan amount is $17,032.13, and total interest over 48 payments is $2,167.87. With the default $130 insurance and $170 fuel estimates, monthly payment, insurance, and fuel total $700.<\/p>\n<p>\n\r\n<\/section>\n<h2>How to use the calculator<\/h2>\n<ol>\n<li>Set <strong>Calculate by<\/strong> to <strong>Monthly payment<\/strong> if you have a target loan payment, or <strong>Income and the 20\/4\/10 rule<\/strong> if you want a price limited by that guideline.<\/li>\n<li>For Monthly payment mode, enter your <strong>Desired monthly payment<\/strong> and <strong>Loan term<\/strong>. The available term is 36\u201384 months. Income mode instead uses a fixed 48-month term.<\/li>\n<li>Enter <strong>Gross monthly income<\/strong> and <strong>Other monthly debt payments<\/strong>. Income mode uses both to set a payment limit; Monthly payment mode uses them for the guideline and debt-to-income checks.<\/li>\n<li>Enter the expected <strong>Loan APR<\/strong>, <strong>Cash down payment<\/strong>, and <strong>Trade-in value<\/strong>. Use only the trade-in equity available toward this purchase, not the vehicle\u2019s full value if you still owe money on it.<\/li>\n<li>Add the <strong>Sales tax rate<\/strong>, <strong>Purchase fees<\/strong>, <strong>Monthly insurance<\/strong>, and <strong>Monthly fuel<\/strong>. Review the maximum vehicle price alongside the loan amount, interest, monthly payment, checklist, and budget details.<\/li>\n<\/ol>\n<h2>What car affordability means here<\/h2>\n<p>The <strong>Maximum vehicle price<\/strong> is the estimated sticker price you can pay under the selected method\u2014not the full cost of owning the car. Sales tax and purchase fees are added when calculating the amount financed, so they reduce the sticker price your budget can support. Your cash down payment and trade-in equity reduce the loan amount.<\/p>\n<p>The 20\/4\/10 guideline suggests putting at least 20% of the vehicle price down, financing for no more than four years, and keeping monthly car costs at or below 10% of gross monthly income. This calculator counts the loan payment, insurance, and fuel toward that 10% limit. Income mode enforces all three conditions when finding a price; Monthly payment mode reports whether your chosen payment meets them.<\/p>\n<p>The calculator also checks whether other monthly debt payments plus the car loan payment stay within 36% of gross monthly income. This is an <em>additional<\/em> debt-to-income check, not part of the 20\/4\/10 guideline. In income mode, it can set a tighter payment limit than the 10% car-cost rule. In Monthly payment mode, it is a warning rather than a cap on the displayed price.<\/p>\n<h2>Assumptions and practical budgeting tips<\/h2>\n<p>The estimate assumes a fixed APR and equal monthly payments throughout the loan. Total loan interest is the sum of those payments minus the amount borrowed; it does not include insurance, fuel, or other ownership costs. Your actual APR, taxes, fees, and insurance quote may differ from the amounts entered. Sales tax is applied to the full estimated vehicle price; the calculation does not account for any jurisdiction-specific trade-in tax credit.<\/p>\n<p>Insurance and fuel are useful starting points, but they do not cover maintenance, repairs, parking, registration, or depreciation. Leave room for those expenses and for unexpected bills rather than treating the maximum price as a spending target. You can estimate upkeep timing with the <a href=\"https:\/\/wpcalc.com\/en\/life\/car-maintenance-due-calculator\/\">Car Maintenance Due Calculator<\/a> and refine fuel costs with the <a href=\"https:\/\/wpcalc.com\/en\/life\/gas-mileage-calculator\/\">Gas Mileage Calculator<\/a>.<\/p>\n<p>A longer loan term may support a higher vehicle price at the same monthly payment, but it generally increases total interest and may leave you owing more as the car loses value. Compare both the monthly payment and total loan interest before choosing a term. If you are considering leasing instead of buying, use the <a href=\"https:\/\/wpcalc.com\/en\/life\/car-lease-payment-calculator\/\">Car Lease Payment Calculator<\/a> to examine that different payment structure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Estimate the maximum vehicle price you can afford from a target monthly payment or your income. Enter your loan rate, down payment, trade-in equity, taxes, fees, and monthly driving costs.<\/p>\n","protected":false},"author":3168,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[99],"class_list":["post-67186","post","type-post","status-publish","format-standard","hentry","category-life","tag-auto-travel"],"acf":[],"_links":{"self":[{"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/posts\/67186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/users\/3168"}],"replies":[{"embeddable":true,"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/comments?post=67186"}],"version-history":[{"count":1,"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/posts\/67186\/revisions"}],"predecessor-version":[{"id":67187,"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/posts\/67186\/revisions\/67187"}],"wp:attachment":[{"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/media?parent=67186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/categories?post=67186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wpcalc.com\/en\/wp-json\/wp\/v2\/tags?post=67186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}