Goal: save for a car
Buy the car without paying five years of interest
An €18,000 car on finance over five years at the average APR costs about €3,759 more. Save for the deposit, or the whole car, with a monthly target you can actually keep to.
- 8.01%average APR on new consumer loansAugust 2026, including fees. Your offer may differSource: Banco de España, Statistical Bulletin, table 19.6
- €3,759more for an €18,000 car on finance over 5 years at that APR60 payments of €362.65Source: Huchy calculation using the Banco de España average APR, table 19.6
- 30 monthsto save it up if you set aside €500 a monthStarting from €3,000Huchy calculation
Sound familiar?
Why people give up on this goal
The dealer shows you the monthly payment, not the total cost.
Your current car may give up before you reach your goal.
You're not sure whether to buy new, buy used or lease.
Breakdown
What the goal is made of
Huchy suggests this breakdown when you create the goal; change whatever you like and the monthly target is recalculated.
| Item | Amount | Note |
|---|---|---|
| Used car (3 to 4 years old) | €16,000 | Example amount |
| Ownership transfer and transfer tax (ITP) | €600 | Depends on the region |
| First year of insurance | €700 | Third party, fire and theft |
| Unexpected costs (MOT, tyres) | €700 | Cushion for what you don't expect |
| Total goal | €18,000 | Saved in Huchy |
With Huchy
How it keeps you on track to the date
The goal and its target
Amount, date and what you have already saved. The monthly, weekly and daily target, always up to date.
Your accounts, added up
Upload your statement and Huchy works out how much you really set aside this month.
Pace alerts
If you fall behind, it tells you in euros and in days, and suggests how to catch up.
Questions
What if I need the car sooner?
Move the date in the calculator and you will see the monthly target it asks for, so you can decide whether to finance just part of it.
Does it work for a motorbike or a campervan?
Yes: it's the same goal with a different name and amount.
How much should I save each month for a car?
It depends on the price, what you've already set aside and when you want it. Put those three figures into the calculator on this page and it gives you the target per month, per week and per day.
Your car, in euros a day.
Start with the calculator: it's free and needs no sign-up.