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Car Purchase Calculator:

How much should you spend on car? The answer is 1/10 of your gross annual income. Yes, there is a general rule of thumb that you should not spend more than 1/10 of your gross annual income on a car. If you agree with this rule then use our free car purchase calculator to calculate the amount to be used for purchasing a car.

How to Use Car purchase Calculator:

  1. Enter in gross annual income.

  2. Press calculate button.

  3. Wait for the result. Our free car loan calculator will calculate the amount for you.

Car Purchase Calculator
Gross Annual Income:
The maximum amount you should spend on a car is

Related Financial Calculators:

Payment Calculator
Monthly Payment Calculator
Amortization Calculator
Car Loan Payment Calculator
Debt to Income Ratio Calculator

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