Car Loan Calculator
Work out the monthly payment for a car loan after your down payment, plus the total interest.
Quick answer: enter your details below and click Calculate — your result appears instantly, right here in your browser. Nothing you enter is uploaded or stored.
C
Calculators
Enter your details below.
How to use
- Enter the car price and your down payment.
- Enter the annual interest rate and the term in years.
- Press Calculate to see the loan amount, monthly payment and total interest.
About this tool
The amount you actually borrow is the car price minus what you pay up front. This calculator takes that loan amount, applies your annual interest rate over the term in years, and uses the standard amortising formula to give a fixed monthly payment that clears the loan by the end of the term.
Frequently asked questions
Is a bigger down payment worth it?
Yes. It shrinks the loan, which lowers both the monthly payment and the total interest, and it also reduces the risk of owing more than the car is worth.
Why do car loans differ from mortgages?
The maths is the same, but car loans are usually shorter, so the monthly payment is higher relative to the amount borrowed.