Finance
Car Loan Payment Calculator
Estimate the monthly payment and total cost of a car loan.
Formula
Monthly payment uses the standard amortising formula on price minus down payment at the monthly rate over the term in months.
How it works
A longer term lowers the monthly payment but raises total interest and can leave you owing more than the car is worth. Fees, taxes, and insurance are not included.
FAQs
Should I choose a longer term?
Only if the lower payment is essential — you pay more interest overall.
What about trade-in value?
Count a trade-in as part of your down payment.
Is the rate fixed?
This assumes a fixed rate for the whole term.
Are these figures financial advice?
No — they are estimates for planning only, not financial advice. Check with a qualified adviser for decisions involving large sums.
Estimates only, not financial advice. Figures are approximate and do not include all fees, taxes, or changing rates unless stated.