Affordability Calculator
How much car can you actually afford? Enter your target monthly payment and see what vehicle price you should be shopping for -- before the dealer does the math for you.
Maximum Vehicle Price
$25,453
60 months at 11.5% APR
Enter your target monthly payment to find the max vehicle price you can afford.
Your Numbers
Adjust the inputs below and watch the results update instantly.
Auto-set by credit tier. Override manually if you know your rate.
Your Results
Maximum Vehicle Price
$25,453
Based on $500/mo for 60 months at 11.5% APR
Tip: You will pay $7,265 in interest over the life of this loan. A shorter term or larger down payment can significantly reduce this.
Your Results
Maximum Vehicle Price
$25,453
Based on $500/mo for 60 months at 11.5% APR
Tip: You will pay $7,265 in interest over the life of this loan. A shorter term or larger down payment can significantly reduce this.
For personalized guidance from Miles, update your buyer profile.
Update Buyer ProfileWhat Dealers Don't Tell You About Monthly Payments
The Payment Game
Dealers love to negotiate on monthly payment, not total price. They can make any car “fit your budget” by stretching the loan term -- but you pay thousands more in interest.
Rate Markup
Dealers can mark up your APR by 1-3% above what the lender approved. That “finance reserve” is pure profit for the dealer. Always compare with your own bank or credit union rate.
The 20/4/10 Rule
Financial advisors recommend: 20% down payment, 4-year (48-month) loan max, and total car expenses under 10% of gross income. Use this calculator to check if your deal fits.
Want to know if your dealer quote is fair?
Upload your dealer quote and Miles will analyze every line -- fees, APR markup, add-ons -- and tell you exactly where you can save.
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