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Car Affordability
What would this car really add to your monthly household spending?
A car costs more than the EMI. Combine the loan payment with running costs, existing EMIs and essential household expenses.
Use an average monthly running cost
Include fuel or charging, insurance averaged monthly, routine maintenance and parking.
Enter household cash flow, the car price, loan details and expected running cost.
Estimated monthly car cost
What this means
Required car loan
Estimated EMI
Car cost / take-home
Cash left after entered commitments
Total loan interest
Total EMIs / take-home
Depreciation and resale value are not included. This is a monthly household-impact check.
The EMI is only part of the car budget
A longer tenure can lower the EMI while increasing total interest. Running costs continue even after the loan ends.
Illustration only. Actual loan terms, insurance, maintenance, fuel/charging and resale value will differ.