For most people, buying a car is a major purchase. Depending on your financial situation, such an expense may not be justified.
You can use our car affordability calculator to find out what price range you can afford based on your income, down payment, loan interest rate, and other factors. However, the main factor underlying the calculation is your salary.
Can I Afford This Car?
Enter your income and car details to see an honest affordability breakdown.
Financial planners generally recommend keeping total car costs under 15 % of net income (comfortable) or 20 % max (stretch).
Being able to afford a car and buying one are not the same thing. After purchasing a car, there are additional expenses for fuel, insurance, maintenance, and other related costs. Some people are surprised by these costs, and the car itself becomes a financial burden.
Combining loan payment with everyday running costs (insurance, fuel, road tax) gives users a realistic picture of what the car will actually cost them each month.
That’s why we recommend using our calculator to figure out what car you can actually afford before making your final decision.