BudgetGearCar Buying Calculator - Calculate Your Ideal Car Budget
Figure out the total buying and monthly cost of the car and make affordability decision accordingly. Reduce loan faster and reduce EMI faster with our calculators. Get overall cost of running a car monthly basis after purchase using our proven 20/4/10 rule.
Why BudgetGear is India's Trusted Car Finance Calculator
BudgetGear provides professional car finance calculators trusted by over 50,000+ users across India every month. Our tools help you calculate your ideal car budget based on salary, determine monthly EMI payments, plan loan prepayments, and understand the complete cost of car ownership. Whether you want to buy a new car or reduce your existing loan burden, our calculators follow industry-standard formulas used by major Indian banks including SBI, HDFC, ICICI, and Axis Bank.
Founded in 2024 by financial technology experts, we believe in financial transparency and empowering car buyers with accurate, unbiased information. Our comprehensive guides cover everything from the proven 20/4/10 car buying rule to hidden costs of car ownership, helping you make informed decisions that align with your financial goals. All our calculators are 100% free to use, require no registration, and provide instant results with detailed breakdowns including amortization schedules and interest savings projections.
How Much Car Can I Afford?
Figure out the total buying cost of car and monthly cost breakdown. Make affordability decision based on your salary. Calculate overall cost of running a car monthly to determine total car ownership expenses.
Car Loan Prepayment Calculator India
Reduce loan faster and reduce EMI faster with prepayment strategies. Calculate monthly cost savings and total buying cost reduction through smart prepayment planning.
Smart 20/4/10 Rule
Car Finance Guides & Resources
Expert insights on car loans, EMI calculations, and smart car buying strategies
Frequently Asked Questions
What is the 20/4/10 rule for car buying?
The 20/4/10 rule is a smart car buying guideline: Pay at least 20% down payment, keep loan tenure under 4 years maximum, and ensure total car expenses don't exceed 10% of your monthly income.
How do car affordability calculators work?
Car affordability calculators analyze your income, expenses, down payment, and loan terms to determine how much car you can comfortably afford without straining your finances.
Should I prepay my car loan?
Prepaying car loans can save significant interest, especially if you have surplus funds and the loan has a high interest rate. Use a prepayment calculator to compare scenarios.
How Much Car Can I Afford Based on My Salary?
Use our car buying calculator to determine how much you can afford to spend. Calculate your ideal car budget based on your income, existing EMIs, down payment capacity, and follow the 20/4/10 rule for smart car purchasing decisions.
Want to Buy a New Car? Here is How to Calculate Your Budget
Start by calculating 10% of your monthly salary for total car expenses. Then determine your down payment capacity (20% recommended), choose appropriate loan tenure (4 years max), and use our calculator to find your ideal car budget range.
How does Loan EMI Prepayment Calculator work?
Our Loan EMI Prepayment Calculator helps you calculate interest savings when you prepay your car loan. Input your current EMI details, prepayment amount, and get instant calculations for reduced tenure and total interest savings.
How to Figure Out the Total Buying Cost of Car?
Calculate total buying cost including car price, loan interest, insurance, registration, and taxes. Use our calculator to figure out monthly cost breakdown and make affordability decision based on your budget and financial capacity.
How to Get Overall Cost of Running Car Monthly After Purchase?
Monthly car running cost includes EMI, fuel, insurance, maintenance, parking, and servicing. Calculate total car ownership cost to understand ongoing monthly expenses and plan your budget accordingly.
How to Reduce Loan Faster and Reduce EMI Faster?
Reduce loan faster through prepayments, higher down payment, or shorter tenure. Reduce EMI faster by refinancing at lower rates, making partial prepayments, or increasing payment frequency to save on total interest costs.
Best Car Buying Tips for First-Time Buyers in India
Research car prices across dealers, negotiate on-road price including all charges, check loan terms from multiple banks, verify insurance coverage, inspect vehicle condition, and read all documents carefully before signing.
How Car Insurance Affects Your Total Car Budget?
Car insurance typically costs 2-4% of car value annually. Include comprehensive coverage, third-party liability, and add-ons in your budget. Compare policies, check claim settlement ratio, and factor renewal costs into monthly car ownership expenses.