Car Affordability Calculator
Determine a realistic car budget based on your finances using the 20/4/10 rule.
How to budget for a car?
Financial experts often recommend the 20/4/10 rule to keep car costs manageable.
This calculator assumes you can allocate a portion of your income solely to the loan payment, but conservative estimates (like the 10% rule) include insurance and maintenance. Adjust the inputs to fit your specific risk tolerance.
Generally, spending more than 15% of your take-home pay on a car payment is risky.