Find the most expensive car you can buy for a monthly budget.
The present-value formula turns a fixed monthly budget into the loan size it supports, then the down payment is added. Working backward from a monthly budget keeps car payments inside your limits instead of over-committing on the lot.
Car Payment Affordability
Loan = payment x (1 - (1 + r)^-n) / r; price = loan + down payment
Loan = payment x (1 - (1 + r)^-n) / r; price = loan + down payment The present-value formula turns a fixed monthly budget into the loan size it supports, then the down payment is added.
Working backward from a monthly budget keeps car payments inside your limits instead of over-committing on the lot.
This calculator takes 4 inputs: Down payment, Monthly payment, Interest rate, Loan term. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.