Buying a Car | Practical Money Skills

Buying a Car

How Much Car Can You Afford?

Before shopping for a car, it's important to know your price range. Committing to a car payment that you can't afford can have a negative effect on your finances.

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How much do you have saved for a down payment?


Trade-in value of your current vehicle


Vehicle rebates


How quickly do you want to pay off your car?
How much can you afford to pay per month for a car?


What interest rate do you think you can qualify for on a loan?


Sales tax in the county in which you live


Paying %RESULT_PAYMENT% a month for %RESULT_MONTHS% months, you should be able to afford a car that costs %RESULT_COST%.

Total cost of the car

Down payment + trade-in + rebates


Total loan amount




How Much House Can You Afford?

A house is a major investment. Before you start looking for a new home, determine how much house you can afford.

Mortgage Interest

Determine how much of your mortgage payment is paying off interest. Use the slider to see how your interest goes down if you increase each payment.

Mortgage Payment

Buying a house is a big financial commitment. Calculate the cost of your mortgage payment before you decide to buy a home.