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How much do I need to earn?
Find out if you're ready to afford a car, and which car will best match your monthly income
New Buyer Tips
Be realistic about what you can afford and stick to your budget. A car loan is a long term commitment.
Consider both current and future expenses when estimating your budget
It’s recommended to spend a maximum of 30% of your monthly gross salary on your car instalments.
Spend 30% or less of your monthly gross income on your car instalments.
Remember, applying for credit too frequently will jeopardise your credit score.
Visit our FAQ page to learn more vehicle finance-related terms
Looking to finance your next car? Use our finance calculator tool to help work out an estimate of your monthly instalment.
Reduce your monthly instalments by paying a lump sum at the end of your finance term
Saving up for a deposit can help reduce your monthly instalment rates.
Save up for a deposit
The longer your finance repayment period, the higher your total vehicle cost.
Try to keep your finance repayment period as short as possible
Remember to research maintenance and running costs. For example, an 8-year old sporty convertible may have a higher maintenance and running expenses similarly priced 2-year old hatchback.
Consider car maintenance and running costs when planning your monthly budget
Use our Cost of Car Ownership tool to calculate your monthly running expenses such as maintenance, insurance and fuel.
Safeguard your purchase and yourself from the unexpected costs of car ownership
Our salary to car price matchmaker is a guideline. Financial institutions often consider various factors when assessing your finance application, e.g. car make, model and your current spending behaviour.
Find our what car best matches your monthly income