Car Affordability Calculator
Dreaming of a car but unsure what you can afford? Enter your monthly income, fuel and maintenance costs, and finance terms to find a safe car budget — including the running costs, not just the installment.
Total Monthly Car Budget
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Max Affordable Installment
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Max Finance Amount
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Max Affordable Car Price
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How to use
- Enter your monthly income and the maximum percentage to spend on the car (common guide is 20-25%).
- Enter a monthly estimate for fuel, maintenance and insurance.
- Enter the down payment, finance rate and term.
- See the maximum affordable car price and choose a car below it.
Note
This is an affordability guide, not a bank approval. Banks also look at their debt burden ratio and your credit history.