Vehicle affordability: look beyond the instalment

The finance payment is only one cost

A vehicle can also require fuel, insurance, maintenance, tyres, licensing, parking and other costs. A payment that fits on paper may still create pressure once operating costs are included.

Use an explicit budget assumption

There is no single percentage that applies to every household. The calculator lets you choose a payment percentage so the assumption is visible rather than presented as a universal rule.

Consider deposit and term

A larger deposit can reduce the amount financed. A longer term can reduce the scheduled payment but may increase total interest, depending on the rate and structure.

Try the related calculator

Calculator results are estimates. Review the assumptions and limitations shown on the calculator page.