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On this page we calculate how much car you can get if you can afford to pay $500/month in principal and interest to cover a car loan. The total price of the car you can afford is as follows: $ The amount above is calculated based on assumptions about what interest rate you can get and how long you want to finance the car for. You can correct these assumptions below and press "Recalculate." Interest Rate: Life of loan (months): All calculation results above are rounded to the nearest integer. When budgeting for a car, remember that your $500/monthly loan payment is not the only cost associated with owning a car.

How much car can I get? Can you afford more or less than a $500 loan payment? To change the amount you can afford, please enter it below and press "Get Car Price":

More information from Research Maniacs: How much car can I get for $501 a month? Can you afford one dollar more per month? If so go here!