Truck Affordability Calculator
Should you buy that truck? See if the payment makes sense for your income.
Buying the wrong truck can sink your business. This calculator helps you figure out how much truck you can realistically afford based on your actual income—not what the dealer says you qualify for.
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Monthly Payment
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Total Monthly Cost
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Loan Amount
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Total Interest
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Total Cost
Looks Affordable!
This truck fits comfortably within recommended debt ratios.
Debt-to-Income Ratio
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Vehicle Cost to Income
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How to Use This Calculator
- Enter your monthly gross income (before taxes)
- Enter your current monthly expenses
- Set your desired down payment
- See the maximum truck price you can afford
True Cost of Owning a Work Truck
The monthly payment is just the beginning. Here's the full picture:
| Expense | Monthly Cost Range |
|---|---|
| Loan payment ($40K, 6yr) | $650 - $750 |
| Full coverage insurance | $200 - $400 |
| Fuel (1,500 mi/month) | $300 - $500 |
| Maintenance/repairs | $100 - $200 |
| Total Monthly Cost | $1,250 - $1,850 |
The 20/4/10 Rule
Financial experts recommend: 20% down payment, 4-year loan maximum, and total vehicle costs should be less than 10% of your gross income.