Car Affordability  
For many individuals, the price of car they can afford is a function of the amount of the monthly payment. You can use this calculator to determine how much you can afford to pay for a car based on your monthly payment amount, down payment, loan term, and available interest rate.
     

Payment
(How much do you want your monthly payment to be?)

$

Down Payment
(How much do you plan to put down on the car? This amount does not include insurance or fees for license and registration.)

$

Interest Rate
(Enter the interest rate that is currently available from your lender.)

%

Loan Term (months)
(Enter the number of months. For example, enter 60 months for a 5-year loan.)

 
   
   
Mollot & Hardy, Inc. | Financial Planning, Retirement, Stocks, Mutual Funds, 401Ks, Pensions, Life Insurance | Buffalo, NY
646 N. French Road Suite # 9 • Amherst , NY • 14228-2125
Phone: 716.691.7121 • Fax: 716.691.7718
• alan@mollot.com michael@mollot.com