Looking to Buy
 Direct From DM
 Cars
 Bikes
 Accessories
 Parts
Intending To Sell
 Submit HERE
Wanted ADS
 Listing
 Post HERE
 Loan Calculator
 Affordability Calc
Insurance
 Insurance
 Proposal Form
 Insurance Premium
News & Information
 Motorsports
 Automotive Tips
 Auto Terminology
Miscellaneous
 Vehicle Gallery
 Forum
 Car Rental
 Dreammotor Images
 Free Evaluation
 International Pricing
 Join Associates
  Affordability Calculator

This calculator requires a Java enabled browser in order to work properly.
Calculate the amount you can afford to borrow. Complete the form below and click on "Calculate" to see the results. Terms and Definitions follow the calculator.
* Gross Income  per month
* Monthly Mortgage Payment or Rent
* Average Monthly Utility Payment (Phone, Electric, Water, Gas)
* Average Monthly Loan Payments
* Average Monthly Credit Card Payment
Repayment Period
Interest Rate   %  (Interest rate range from 5.75% to 7.5%)
 
Affordable installment amount    per month
Affordable vehicle amount
Down payment    Matching Car  Other Vehicle
 
Note :
* Please key in all figures without currency ($) sign and without comma (,). E.g. For $50,000.00, should key in as 50000.00
 
Loan Margin Guide:
Passenger Vehicle
Margin of Financing Maximum Loan Duration
Age of Vehicle Loan Duration
New up to 85% New and up to 3 years up to 84 months
up to 5 years up to 80% 4 - 8 years up to 60 months
6 - 8 years up to 75% 9 - 10 years up to 48 months
9 - 10 years up to 70%    
Commercial Vehicle ( Lorries up to 2,500 kg)
Margin of Financing Maximum Loan Duration
Age of Vehicle Loan Duration
New and up to 5 years up to 80% New and up to 5 years up to 60 months
 
Income:
The amount of money paid to employees on a regular basis - weekly, every two weeks, or monthly - by an employer.
 
Monthly Mortgage Payment or Rent:
The amount of money paid toward housing costs every month. It can be a monthly mortgage payment, if the residence is owned and mortgaged, or a monthly rent payment, if a house or apartment is being rented from another party.
 
Average Monthly Utility Payments (Phone, Electric, Water):
The total amount of money paid for utilities every month. It should include all utilities such as gas, electric, telephone and water. If some of the bills fluctuate month to month, add the amount paid over a several month period and divide that total by the number of months. For example, the telephone bills for three months might be: $25, $75 and $50. The total for all three months is $150. The average cost is $50 ($150 divided by 3). Averaging costs over twelve or six months will provide a more accurate figure than averaging only three months.
 
Loan Payment:
Typically, the amount due the lender each month for repayment of a loan. Some loans use a payment schedule other than monthly. The amount of this payment is determined by the payment schedule, the length of time the money is borrowed for, the amount borrowed and the interest rate charged for the loan.
 
Average Monthly Credit Card Payments:
The average cost of all credit card payments made every month. It should include the average payments made to all credit cards on which money is still owed. If some of the payments fluctuate month to month, add the amount paid over a several month period and divide that total by the number of months. For example, the Visa payments over three months might be: $25, $75 and $50. The total for all three months is $150. The average cost is $50 ($150 divided by 3). Averaging costs over twelve or six months will provide a more accurate figure than averaging only three months.
 
Loan Term:
The length of time that it will take to repay the loan. Typical loan terms are 12, 24, 36, 48 or 60 months. Other terms may be available. Term length has a larger impact on the monthly payment and the final amount repaid than interest rates.
 
Interest Rate:
The periodic charge, expressed as a percentage, for the use of credit.
 

Values are subjective opinions based on the recent market conditions. DreamMotor.Com is not responsible for actual or claimed deviation and the accuracy of the DreamMotor.com Affordability Calculator. The DreamMotor.com Affordability Calculator is for entertainment purposes only.



[Home]  [The Company]  [Contact]  [Privacy]  [Term of Services]  [Support]  [Career]  [Add URL]  [Copyright & Disclaimer]
Copyright 2022 DreamMotor.Com (238926 - V).  http://www.DreamMotor.com