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Car affordability calculator Kenya

The repayment is only part of what a car costs. Add insurance, fuel and service costs, and see what price range your pay can really carry.

Updated 26 Sep 2026Kenya · KESFree · no sign-up

Your numbers

Filled with example figures. Change them to yours.

KES
KES
%
% / yr
Asset-finance rates from Kenyan banks commonly sit around 13–16% on a reducing balance.
months
% of value / yr
KES/ mo
Your resultMETRIKA
KES 60,350 / month

Owning this car takes 30% of your take-home pay.

50Over budget
Loan repayment
KES 39,350
Insurance
KES 6,000
Running costs
KES 15,000
Comfortable max price
KES 992,279
Car affordability · Kenyametrika.co.ke · 26 Sep 2026

What does it mean?

Your all-in monthly cost is KES 60,350. The repayment is 65% of that; insurance and running costs make up the rest.

A comfortable ceiling is about 20% of take-home pay for all car costs. With this deposit, rate and term, that puts your comfortable price near KES 992,279, which is KES 807,721 below the car you entered.

You also need about KES 360,000 as a deposit, plus logbook transfer and valuation fees.

Your pay with the car

Monthly net income of KES 200,000

Loan repayment · 20%KES 39,350
Insurance · 3%KES 6,000
Fuel, parking & service · 8%KES 15,000
Left for everything else · 70%KES 139,650

Watch it explained. Short METRIKA videos on money, tax and big decisions in Kenya.

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How METRIKA calculates this

Monthly cost = reducing-balance loan repayment on (price − deposit) + comprehensive insurance (annual % of car value ÷ 12) + your fuel, parking and service estimate.

The comfortable maximum price solves for the price at which the total equals 20% of your net income, keeping your deposit %, rate, term and running costs the same.

What to know in Kenya

Comprehensive motor insurance in Kenya is priced as a percentage of the car's value, commonly 3.5% to 7% depending on the insurer, car age and use. Most banks and SACCOs ask for a 10% to 30% deposit on asset finance, and older imports can have shorter maximum terms. Fuel is the running cost that moves most: check current EPRA pump prices for your town.

Frequently asked questions

How much of my salary should go to a car?

Keep all car costs, including insurance and fuel, under about 20% of take-home pay. Above 30%, most households struggle to save.

Is a bigger deposit worth it?

A bigger deposit lowers the repayment and total interest. It also cuts the risk of owing more than the car is worth if you sell early.

Should I choose a longer loan period?

Longer periods lower the monthly payment but raise the total interest. The car also keeps losing value while you are still paying for it.

Sources

Rates checked 26 Sep 2026. METRIKA gives estimates, not financial or tax advice.