Car Savings Goal
Save for your next ride and minimize loan dependence.
A car costing ₹10 lakh today will likely cost ₹12.7 lakh in 4 years at 6% inflation. Saving ₹22,000 a month can get you there without a loan.
Your Inputs
Required Monthly SIP
Current Savings (Grown)
₹0
Gap (to be funded)
₹11.91 L
Future Goal Cost
₹11,91,016
Adjusted for 6% inflation
Gap to fund
₹11,91,016
How this works
Depreciating asset warning
Remember that a car is a depreciating asset. While saving for it is wise, try not to spend more than 50% of your annual income on a vehicle purchase.
Frequently asked questions
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