{"salary":40000,"assumptions":{"mode":"buy","state":null,"down_payment_pct":20,"loan_term_months":48,"apr_pct":6.5,"annual_miles":13500},"budgets":{"conservative":{"pct_of_gross_income":10,"max_vehicle_price":1500,"max_total_monthly_cost":333,"est_monthly_operating_costs":{"fuel":120,"insurance":100,"maintenance":60,"registration":20,"total":300},"est_monthly_payment":33},"comfortable":{"pct_of_gross_income":15,"max_vehicle_price":10500,"max_total_monthly_cost":500,"est_monthly_operating_costs":{"fuel":120,"insurance":100,"maintenance":60,"registration":20,"total":300},"est_monthly_payment":200},"aggressive":{"pct_of_gross_income":20,"max_vehicle_price":18000,"max_total_monthly_cost":667,"est_monthly_operating_costs":{"fuel":127,"insurance":107,"maintenance":65,"registration":21,"total":320},"est_monthly_payment":347}},"recommended_max_price":10500,"example_vehicles":[],"summary":"On a $40,000 salary you can comfortably afford a vehicle up to about $10,500 (purchase price), keeping total car costs at 15% of gross income. Conservative (10%): $1,500. Stretch (20%): $18,000.","methodology":"Total monthly car cost (payment + fuel + insurance + maintenance + registration) is capped at 10/15/20% of gross monthly income; operating costs are subtracted and the remainder is converted to a vehicle price using standard amortization (or a lease residual/money-factor model). Estimates only, not financial advice.","calculator_url":"https://cashpedal.io/affordability?salary=40000","source":"Cash Pedal"}