Comprehensive Calculator Guide
Before choosing a car, find the price your salary supports. The calculator takes your net salary, the maximum share of it for repayments and your existing payments, then works out the largest loan at a flat annual rate and the top car price. On SAR 10,000 with no other loans, 4% over five years supports about SAR 166,650.
Deduction limits and flat rates
Saudi Central Bank (SAMA) rules cap consumer-finance repayments at roughly a third of salary for employees, lower for retirees and different with a mortgage; lenders apply their own checks, so confirm before relying on the result.
Car finance is usually quoted at a flat annual rate charged on the original amount for the whole term, which costs more than the same reducing rate. Compare offers by APR and total cost, and budget for insurance, fees and any balloon payment.
How to Use
- 01Enter net salary and current monthly payments.
- 02Enter the flat rate, term and down payment.
- 03Read the top payment, loan and car price.
Formula Used
Loan = payment × 12 × years ÷ (1 + rate × years)Practical Examples
Example 1
SAR 10,000, 4% over 5 years: payment 3,333, loan 166,650.
Example 2
SAR 8,000 with 1,200 in payments, 5% over 4 years, 10,000 down: car price 68,656.
Important Tips
- Leave headroom below the maximum payment.
Common Mistakes to Avoid
- Forgetting existing payments.
Frequently Asked Questions
- What car can I afford?
- Enter your salary and finance terms to get an estimated top price.
- What is the deduction limit?
- Roughly a third of salary for employees under SAMA consumer-finance rules.
- How does a flat rate work?
- It is charged on the full amount for the whole term.