Car Loan Affordability

Determine what car payment fits your budget.

🚗 Smart Car Buying Rules

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15% Rule: Car payment ≤ 15% of income
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After Bills: ≤ 50% of leftover money
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Credit Impact: Poor credit = higher rates
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Depreciation: Cars lose value fast

After taxes and deductions

Rent, groceries, utilities, bills

20% = great, 0% = higher payments

3-5 years typical

Better credit = lower rates

Usually 4-10% by state

Usually $100-300/month

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For Planning Purposes OnlyThese calculations are estimates for educational and planning purposes. Always consult with qualified financial professionals before making financial decisions.

Frequently Asked Questions