Wondering what vehicle prices are within your means? This auto loan calculator helps you figure out what price you can afford to pay for a vehicle based on the size of your down payment, the interest rate and terms of the loan, the trade-in value of your vehicle and any applicable rebates. Your credit history may also impact the terms of your loan. Research your credit score from a reputable source before you begin negotiating a loan.

How to calculate car affordability

Using the calculator is simple. It comes with four inputs below – enter the value of each and the calculator will give you an estimated price tag you might be able to afford if you were to finance your vehicle. Play around with the values until you land on something that seems right for you.