๐ Automotive
Car Loan Calculator
A car loan amortises like any other instalment loan: each payment covers the interest accrued that month plus whatever is left to reduce the balance. Longer terms lower the payment but raise the total interest paid.
How it works
Vehicle price
Down payment
Trade-in value
Annual interest rate
Loan term
Sales tax
Amount financed
Monthly payment
Total interest
Total of payments
Down payment percentage
Frequently asked questions
How do I use the Car Loan Calculator?
Fill in the fields above โ the result recalculates instantly as you type. Everything runs in your browser, so the values you enter are never collected or stored.
Is this calculator free?
Yes. It is completely free, requires no account, and works on phones, tablets and desktops.