Calculators & Converters•Free Online Tool
Car Affordability Calculator (20/4/10 Rule)
Determine your true vehicle purchasing power using the financial advisor gold-standard 20/4/10 rule: 20% down payment, 4-year loan term, and total auto expenses under 10% of monthly gross income.
100% Free & Private
Gold Standard Rule:20% Down • 4-Year Term (48 mo) • ≤10% Gross Income
Income & Down Payment
$
Recommended Max Vehicle Price
$19,283
Target Monthly Car Payment
$315/mo
Total Monthly Transit
$625/mo
10.0% of monthly income20/4/10 Financial Rule Compliance
20% Down Payment:$6,000 (31% of purchase)
4-Year Loan Term:48 Months ✓
Total Loan Borrowed:$13,283
Total Interest to Bank:$1,837
How to Use Car Affordability Calculator (20/4/10 Rule)
1
Input Gross Income
Enter your pre-tax annual or monthly income.
2
Set Down Payment & Trade-In
Specify available cash savings and trade-in value.
3
Review Maximum Price
View recommended vehicle purchase ceiling, target loan payment, and financing total.
Frequently Asked Questions
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