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Value of trade in__________________________$
Loan balance on trade in____________________$
Cash for deposit___________________________$
Number of months___________________________
Monthly payment__________________________$
Interest rate_______________________________
   
   
Amount financed___________________________$
Price of vehicle_____________________________$

 
This calculator allows you to figure out how large a loan you can take out and so how much you can afford to pay for a car.

If you have a car to trade in then you should make an estimate of its trade in value.
Assuming you still have a loan on the car that you are trading in, you should insert the amount that it would cost to pay off that loan.
If you have any savings that you want to put towards the cost of a new car then add this amount as a cash deposit paid.
Use the number of months to adjust the loan period. A longer loan period - 72 months is about as long as can go - will make the monthly payments lower and allow you to buy a more expensive car.
The monthly payment should be the most you are willing or able to pay in order to repay a car loan.
Finally, add the interest rate that you thing you can get on a car loan. Remember that longer loan periods typically incur higher interest rates.