Car loan calculator
Price, trade-in and deposit to a monthly payment.
- Answers as you type
- Runs entirely in your browser
- Free, no sign-up
% / year
years
Monthly payment
$5,087.20
60 payments
- Amount financed
- $260,000.00
- Total interest
- $45,231.91
- Total cost of the car
- $365,231.91
How it works
Dealers quote a monthly number; this shows the whole picture. Trade-in and deposit both come off the amount financed.
Amount financed = Price − Deposit − Trade-in, then the standard payment formula
Example: A 320,000 car with 60,000 down over 5 years at 6.5% is 5,088 a month.
Questions people ask
Should I take the longer term to lower the payment?
Be careful — cars lose value fast, and a long term can leave you owing more than the car is worth for years.
Is dealer finance a good deal?
Sometimes. Compare their total cost against a bank loan at the same term using this calculator, not just the monthly figure.
Does it include running costs?
No — insurance, fuel, tax and servicing are on top and often rival the finance payment.
Related calculators
Loan paymentMonthly payment, total interest, total cost.
Amortization schedulePayment-by-payment breakdown, with overpayments.
50/30/20 budgetSplit take-home pay into needs, wants and savings.
More in Loans & mortgages, or see all 40 calculators.