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.)

 
   
   
Minneapolis Financial Consultants, LLC
Jack Benke, CEA • Serving: MN, WI, FL ,
Phone: 651-405-9105
Cell Phone: 651-398-3183
Toll Free: 866-639-0212
 • Fax: 651-452-4307
• jtbenke@pro-ns.net

The information provided is not written or intended as specific tax or legal advice.  Individuals are encouraged to seek advice from their own tax and legal counsel. 


 



 

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