# How Much Car Can I Afford Calculator

> Estimate an affordable vehicle price from a monthly payment budget, financing terms, down payment, trade-in, taxes, and fees.

Page: https://askcalculators.com/calculator/how-much-car-can-i-afford-calculator/
Definition: https://askcalculators.com/calculator/how-much-car-can-i-afford-calculator/definition.json
JSON Schema: https://askcalculators.com/calculator/how-much-car-can-i-afford-calculator/schema.json
Version: 1.0.0
Maintained by: AskCalculators (software project; not a credentialed reviewer)
Qualified review: pending. Automated checks do not establish professional approval.
Page status: Live
Review status: Pending

## Use
Open the calculator page and enter values. Query-string parameters can restore and bookmark a calculation.
Example: https://askcalculators.com/calculator/how-much-car-can-i-afford-calculator/?monthlyPaymentBudget=600&annualRate=7&loanMonths=60&downPayment=5000&tradeInValue=2000&salesTaxRate=6.25&fees=800

## Inputs
- monthlyPaymentBudget: Maximum monthly payment; type=money; required; default=600; min=0
- annualRate: Loan annual rate; type=percent; required; default=7; min=0; max=100
- loanMonths: Loan term in months; type=number; required; default=60; min=1; max=120
- downPayment: Cash down payment; type=money; required; default=5000; min=0
- tradeInValue: Net trade-in credit; type=money; required; default=2000; min=0
- salesTaxRate: Sales tax rate; type=percent; required; default=6.25; min=0; max=100
- fees: Title, registration, and other fees; type=money; required; default=800; min=0

## Outputs
- maximumVehiclePrice: Estimated maximum vehicle price; format=currency; primary
- maximumAmountFinanced: Maximum amount financed; format=currency
- estimatedSalesTax: Estimated sales tax; format=currency
- totalUpfrontCredits: Down payment + trade-in; format=currency
- totalLoanPayments: Total scheduled loan payments; format=currency

## Formula
loan principal = payment × annuity PV factor; vehicle price solves financed amount = price + tax + fees − down payment − trade-in

## Rules
- Empty optional inputs are undefined, not zero.
- Hidden conditional inputs are ignored.
- Do not invent missing required inputs.

Notice: Affordability depends on your full budget and lender underwriting. This estimate is not lending or financial advice.