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- Monthly Budget: What you can afford.
- Down Payment: Cash on hand.
- Loan Terms: Expected rate and years.
- Result: Maximum Vehicle Price you should shop for.
The Car Affordability Calculator reverses the math. Instead of asking "What is the payment?", it asks "What fits in my $400/month budget?"
Using the 20/4/10 rule (20% down, 4 years, <10% income) is recommended.