GMAC Finance - Affordability Calculator

How much vehicle should you buy?

Welcome to the GMAC Affordability Calculator. This tool will help you budget for a vehicle payment and determine the right vehicle
price for your budget. Please enter your income and expenses to find the estimated vehicle payment range you can afford. Next,
experiment with different financial terms to see the effect on your estimated affordable purchase price.

Monthly Expenses :

Financial Terms :

Monthly Income :		Vehicle Payment :
Mortgage/Rent :		Down Payment :
Food & Entertainment :		APR :
Credit Card :		Term :
Other Auto Payments :
Student Loans :
Utilities :	By entering different financial terms you can see the effect on the price of the vehicle you can afford. The affordable purchase price represents an estimate based on the information you provided. Enter the annual percentage rate you would expect to obtain and see the effect on the estimated price of the vehicle you can afford. Try entering different lengths of finance terms and see the effect on the estimated price of the vehicle you can afford. Enter the amount of your monthly income after all taxes and other withholdings. This is commonly referred to as your net or take-home pay. Enter your monthly expenses by category then watch the effect they have on your monthly income and on the vehicle payment range. Only enter existing auto payments that will continue when you purchase your next vehicle. Do not enter an existing vehicle payment that will cease to exist as a result of purchasing a new/different vehicle. While everyone's circumstances are different, a guideline for an auto payment is 15-20% of your take-home pay after credit card payments, other auto payments, and student loan expenses. The possible payment cannot be more than the amount of your remaining income after all expenses.
Other Expenses :

Remaining Income :

Possible Payment Range :

Your Affordable Purchase Price :