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Car Calculators

Calculate used car EMIs, insurance IDV, and income tax savings — built for smart car buyers in India.

Estimates only. Values vary based on lender, insurer, tax rules, and your profile. CarArth does not provide financial or legal advice.
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Tax Savings

Depreciation under I.T. Act Section 32

menu_bookGuide: Can you claim Income Tax Depreciation?
Estimated Savings₹0
payments

Monthly EMI

Reducing balance method estimate

Monthly EMI₹0
security

Insurance Value

Indicative IDV based on standard depreciation

Estimated IDV₹0

New vs Used Car Calculator

Compare ownership cost at the same budget

Model a brand-new entry-segment car against a well-maintained used upgrade using EMI, depreciation, resale value and extra maintenance assumptions.

Read buying guide
Budget and finance assumptions
Ownership horizon and depreciation

New compact sedan

Scenario A
On-road priceRs 10,00,000
Loan amountRs 8,00,000
Monthly EMIRs 16,607
Interest paid over 3 yearsRs -2,02,159
Estimated resale valueRs 6,50,000
Net cost of ownershipRs 1,47,841

Used aspirational upgrade

Scenario B
Indicative price bandRs 9,00,000 - Rs 11,00,000
Loan amountRs 8,00,000
Monthly EMIRs 17,594
Interest paid over 3 yearsRs -1,66,613
Extra maintenanceRs 45,000
Estimated resale valueRs 7,50,000
Net cost of ownershipRs 1,28,387
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Based on these assumptions, the used upgrade is cheaper to own by about Rs 19,454 over 3 years.

Example matches at this budget

Scenario A · New

Compact sedan, representative new car

On-road band around Rs 9,00,000 - Rs 11,00,000

Budget used: Rs 10,00,000
Scenario B · Used upgrade

Hyundai Creta SX (O)

2021 · ~32,000 km · verify listing details

Illustrative asking price: Rs 9,50,000
Scenario B · Used upgrade

Kia Seltos HTX

2020 · ~41,000 km · verify listing details

Illustrative asking price: Rs 9,50,000
Scenario B · Used upgrade

Honda City ZX CVT

2019 · ~45,000 km · verify listing details

Illustrative asking price: Rs 9,50,000

This calculator is for education and planning only. Interest rates, on-road prices, resale values and maintenance costs vary by city, lender, variant and vehicle condition.

Frequently Asked Questions

How is car EMI calculated?

We use the reducing balance method. Monthly EMI depends on the car price, down payment, interest rate, and loan tenure. Actual terms vary by lender and credit profile.

What is IDV in car insurance?

IDV (Insured Declared Value) is the maximum sum assured fixed by the insurer at the time of policy. It decreases with vehicle age due to standard depreciation rates.

How can I save tax on a car?

Under I.T. Act Section 32, business owners can claim 15% annual depreciation on cars used for business. Consult a CA before making any tax claims.

Selling a car in Hyderabad?

Check our guide on selling your car in Hyderabad — comparing dealers, Cars24, Spinny, and True Value — to maximise your selling price. Read the guide

Learn More

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