With the rapid change in economics and the lifestyle, cars have become much more than a medium of transportation. Today, cars are the symbol of status and luxury. Everyone wants to own a superb car that conveys a ton about their personality and style. But before you invest into your next car, make sure to check the affordability range and EMI deducting your monthly expense.
India’s most trusted motorplace, Droom offers various pre-buying discovery tool to ease the stress of researching and finalizing your next vehicle. Droom’s Affordability Calculator offers a simple yet smart way of calculating your monthly expenses so that you can intelligently plan your next vehicle.
Affordability Calculator helps any user check the affordable price and EMI range at which he/she can buy a vehicle based on the income and expenditures entered by the user on a monthly basis. It’s has a simple user interface and takes user’s monthly income and expenses as an input. It asks for values for
- Salary
- Rent
- Food & Entertainment Expenses
- Credit Card Expense/month
- Home Loan EMI
- Education Loan EMI
- Other Loan EMI
- Utilities
- Other Expenses
- Loan Details like Repayment Tenure and Interest Rate per annum
On the bases of these inputes Affordability Calculator gives output as the affordable range under which you can buy the vehicle and the EMI which will be payable, and Disposable income (Monthly income minus Monthly expenditures).
As in such unstable economic times going by the budget is equally important while maintaining a sophisticated lifestyle. It’s a great tool for you to know the actual picture of your budget, so that you don’t end up buying something that becomes too hard on your pocket.
At droom.in you can also find great deals on used bikes, cars, scooters and more. So, hurry.
Have a happy shopping!