Car Affordability Calculator Max car price. Gross monthly income ($) % of income for car (%) Max monthly payment ($) 750 Step-by-step with your numbers: 1. Values used: 2. Gross monthly income = 5,000 $ 3. % of income for car = 15 % 4. Max monthly payment = (5,000 / 100) x 15 = 50 x 15 = 750$ Did we solve your problem today? 👍 Yes 👎 No Thanks for the feedback! Max car payment from income. FAQ Insurance inclusion? Many recommend 10–15% for all vehicle costs. Related calculators Auto Loan Calculator Find a car loan's monthly payment. Car Depreciation Calculator Estimate car value over time. Home Affordability Calculator Max home price from income.