Car / Bike Calculator
Plan for your car / bike by estimating the future cost and required monthly savings.
Your inputs
Your estimate
Estimated Cost in 5 Yrs
₹13,38,226
Required Monthly SIP
₹16,224
Estimates use your inputs and assumed returns. Actual returns vary and are not guaranteed.
Quick answer
This calculator shows the monthly saving needed for a vehicle. A ₹10 lakh car today costs about ₹13.38 lakh in 5 years at 6% inflation, or about ₹16,224 a month at an assumed 12%.
About the Car / Bike calculator
Whether it's your first car or an upgrade, plan your savings to avoid a heavy loan burden.
What is the formula?
Future cost = cost today × (1 + inflation)ʸ. Required SIP = future cost ÷ {[((1 + i)ⁿ − 1) ÷ i] × (1 + i)}.
Worked example
Lower the assumed return for shorter timelines: goals under three years usually belong in lower-risk options, which take a higher monthly amount.
Frequently asked questions
Should I save for a car or take a loan?
Saving even part of the price cuts your EMI and the interest you pay. A car loses value over time, so borrowing less for one is usually sensible.
What return should I assume?
Use a lower return for goals under five years, because they suit lower-risk funds. The 12% default is an assumption for longer-term equity investing.
Related guides
Reviewed by Vikas Gupta, AMFI-registered Mutual Fund Distributor (ARN-178652). Last updated . Mutual fund investments are subject to market risks, read all scheme related documents carefully. Mutual fund distribution by Korlipara Vikas Gupta, AMFI-registered Mutual Fund Distributor, ARN-178652. Distributors earn commission from fund houses on regular plans. Content and calculators on this site are for education, not personalised investment advice. Illustrations use assumed returns, which are not guaranteed.