Bike & Scooter Affordability

Key Metrics

• EMI uses standard amortisation formula.
• Fuel = (monthly km × 12 ÷ mileage) × fuel price × years.
• Total Ownership = on-road + lifetime fuel + (insurance × years).
• Ratio = EMI ÷ net monthly income.

Verdicts

• ≤12% Affordable.
• 12–20% Stretching.
• >20% Reconsider.

Quick Tips

• Prefer a higher down payment to reduce EMI and interest.
• Use realistic mileage (70–80% of manufacturer claim) when projecting fuel costs.
• Insurance, service and tyres add to total ownership; include them in budgeting.

Assumptions & Notes

• This is a simplified calculator for estimation only; actual costs may vary.
• Does not include maintenance, repairs, tyres, parking, fines, etc.
• Insurance is assumed to be constant; actual premiums may vary with age and claims.
• Fuel price is assumed constant; actual prices may vary over time and location.
• Loan processing fees, prepayment charges and other fees are not included.
• Tax calculation is a simplified estimate and may not reflect actual tax liability.