SECU Vehicle Affordability Calculator
Not sure how much you can spend on a car? Use this tool to find an affordable price range based on your desired monthly payment and loan terms.
Your Budget
You Can Afford
Maximum Vehicle Price
$0.00
Loan Amount
$0.00
Total Interest
$0.00
Calculate Your Car Budget
Buying a car involves more than just the sticker price. To truly understand what you can afford, you need to work backwards from your monthly budget. The SECU Vehicle Affordability Calculator takes your desired monthly payment and helps you find the total vehicle price that fits your financial life.
Factors That Increase Your Purchasing Power
- Larger Down Payment: Every dollar you put down increases the price of the car you can buy without raising your monthly payment.
- Trade-In Equity: A valuable trade-in acts just like a down payment.
- Lower Interest Rates: Qualifying for a lower rate means more of your monthly payment goes toward the car's principal rather than interest, allowing you to afford a more expensive vehicle for the same monthly cost.
- Longer Loan Terms: While extending the loan term to 72 or 84 months increases the total interest you pay, it does allow for a higher purchase price for the same monthly payment.