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Find the Perfect Car for Your Budget with the Car Affordability Calculator
Discover how much car you can afford based on your income, expenses, and financing options.
Plan Your Next Car Purchase with Confidence
Buying a car is a major financial decision, and understanding what fits your budget is essential. The Car Affordability Calculator helps you determine how much you can afford to spend on a vehicle while keeping your financial goals on track. By factoring in your income, expenses, loan terms, and interest rates, this tool gives you a clear picture of what’s within reach—so you can shop smarter and stress-free.
You’ve got questions.
We’ve got answers.
Give us a call or send us a secure message from within online & mobile banking.
(801) 223-7600 | [email protected]
Available M–F 8am–6pm, and Sat. 9am–2pm
How to Use the Car Affordability Calculator
- Enter Your Ideal Monthly Payment: Start by specifying the monthly payment amount you’re comfortable with.
- Add Your Down Payment: Input how much you plan to put down upfront on the car.
- Set Your Loan Terms: Select the loan repayment period that works best for your financial situation.
- Include the Interest Rate: Provide the expected interest rate for your car loan.
- Add Your Trade-In Value: Enter the estimated value of the vehicle you’re trading in.
- Include the Amount Owed on Trade-In: Specify any outstanding loan balance on your trade-in vehicle.
- View Your Budget Range: The calculator will determine the total price range of vehicles that fit your budget.
- Shop with Confidence: Use your results to explore cars that align with your financial plan.
Why Choose a UCCU Auto Loan?
When it comes to financing your next vehicle, UCCU offers unmatched value and convenience. Here’s why an auto loan with UCCU is the smart choice:
- Competitive Rates: Enjoy low-interest rates designed to save you money over the life of your loan.
- Flexible Terms: Choose a repayment schedule that fits your budget, with loan terms ranging from short to extended durations.
- Fast Pre-Approval: Get pre-approved quickly, so you can shop for your car with confidence and bargaining power.
- No Hidden Fees: Transparent terms ensure you know exactly what to expect—no surprises.
- Local Expertise: As a trusted community credit union, we prioritize your financial success and offer personalized guidance every step of the way.
- Convenient Online Tools: Access easy-to-use calculators, loan applications, and account management tools to simplify the process.
What is a car affordability calculator?
A car affordability calculator helps you estimate how much you can spend on a car based on your income, expenses, and financing terms.
What factors impact how much I can afford?
Key factors include your income, monthly expenses, down payment, loan terms, and interest rate. A larger down payment or longer loan term may increase your purchasing power.
Does the calculator consider insurance and maintenance costs?
No, this calculator focuses on the purchase price and loan details. Be sure to account for ongoing costs like insurance, fuel, and maintenance when budgeting.
How does the interest rate affect my affordability?
A lower interest rate reduces your monthly payments, potentially allowing you to afford a more expensive vehicle. The opposite is true for higher rates.
What’s the best way to use this calculator?
Input realistic numbers for your income and expenses to get an accurate estimate. Use the results to set a car budget and stick to it when shopping.
Ready to Find Your Dream Car?
Apply for a UCCU Auto Loan to drive away with confidence and financial peace of mind!