How much car can I afford? Monthly Income Rent/Mortgage Payment Other Fixed Expenses (e.g.- phone bill etc.) Loan Term 24 Months 36 Months 48 Months 60 Months 66 Months 72 Months Loan Rate % Estimated monthly payment: Estimated maximum loan amount:

Lenders look at several factors when evaluating a loan application. Credit history, length of time on job, and length of time at current residence are often used as predictors of risk. Another important predictor is the percentage of income required to cover housing and fixed expenses. If the percentage is too high, you may be unable to qualify for a loan, or may be asked to pay a significantly higher interest rate.