Vehicle Purchase Details
Monthly Payment
$570.00
Based on your loan terms
Total Loan Amount
$24,000
Total Interest
$3,360
Total Cost
$33,360
Monthly Budget Impact
11.4%
Loan Breakdown (Principal vs Interest)
20/4/10 Rule Compliance Check
â
20% Down Payment
On Track
â
4-Year Loan Term
48 months
âšī¸ 10% Income Rule
Check Affordability Tab
Income & Expenses
Transportation Budget (10% Rule)
Under Budget
At Limit
Over Budget
Using 45% of recommended budget
$500
10% Budget
$50
Available for Payment
$450
Current Costs
$2,500
Max Affordable Car
Monthly Transportation Budget Breakdown
Budget Analysis
Monthly Income
$5,000
10% Transportation Budget
$500
Current Transportation Costs
$450
Budget Remaining
$50
Comparison Settings
Car Option 1
Car Option 2
Car Option 3
Comparison Summary
| Metric | Sedan | SUV | Truck |
|---|
Monthly Cost Comparison
5-Year Total Cost of Ownership
Ownership Parameters
Total Cost of Ownership
$55,000
Over 5 years
Cost Per Year
$11,000
Cost Per Mile
$0.92
Residual Value
$13,350
Total Depreciation
$16,650
Cost Breakdown by Category
Detailed Cost Analysis
Purchase Price & Fees
$30,000
Fuel Costs
$7,500
Insurance
$9,000
Maintenance
$6,000