Find how much monthly car payment your income supports.
Your transport budget is a set share of income. Subtracting the ongoing gas, insurance and maintenance leaves the room available for a monthly car payment. Dealers pitch the payment alone, but the honest budget also reserves room for the running costs that always follow.
Monthly Car Budget
Payment cap = income x budget% - gas - insurance - maintenance
Payment cap = income x budget% - gas - insurance - maintenance Your transport budget is a set share of income. Subtracting the ongoing gas, insurance and maintenance leaves the room available for a monthly car payment.
Dealers pitch the payment alone, but the honest budget also reserves room for the running costs that always follow.
This calculator takes 5 inputs: Monthly income, Transport budget percent, Gas per month, Insurance per month, Maintenance per month. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.