Calculator

Learn How Much Vehicle You Can Afford

Wondering how much you should borrow for your next auto loan? Let's break it down.

  1. Start by considering your monthly budget, any down payment you can make, and the trade-in value of your current vehicle.
  2. Enter your ideal monthly payment and the interest rate you think you might qualify for.
  3. Enter any cash rebates or cash back. (While these offers from the dealership can help reduce your overall spending, it's crucial to base your loan amount on your actual budget for long-term financial success.)
  4. Adjust the purchase details to see how much vehicle you can afford based on the loan term you choose.
  5. Finally, review your results in the chart and table to get a clear picture of your options.
Our online calculators are designed for educational and informational purposes only. They are intended to provide general guidance and estimates based on the information you provide. These tools should not be used as the sole basis for making financial decisions. We recommend consulting with a qualified financial advisor to obtain personalized advice tailored to your specific financial situation. There is no guarantee on the loan terms presented in the calculation.