Frank Finance

Vehicle Affordability Baseline Calculator

Net Income Details

1 Your Income

2 Partner's Income

Emergency Fund

You need to have at least $1,000 in emergency savings within 6 months of buying a vehicle to pay for mishaps.

You should be saving $0 every monthly to reach $1,000 within six months.

The 20% Rule

Frank recommends that your total vehicle costs (payment, insurance, gas, maintenance) should not exceed 20% of your net income.

This calculator provides your baseline budget, adjusted for your current emergency savings status.

Total Car Expense Affordability

$0/mo
Weekly$0
Bi-weekly$0
Monthly$0

Frank's Rule: These amounts represent the amount you can afford for all vehicle expenses, including payment, fuel, insurance and maintenance.

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Get instant breakdowns for Fuel, Insurance, Maintenance, & Payments to see exactly what you can afford!

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