Car Loan Calculator – Get Your Monthly Payment Estimate
Estimate monthly payments, total interest and payoff for your auto loan. Adjust price, deposit, trade-in, APR and term. Clear formulas with a worked example.
⚠️ Advisory only: Estimates for guidance. For finance advice, consult a qualified professional.
Car Loan Calculator
Your car loan breakdown
| Item | Value |
|---|---|
| Amount financed | — |
| Payment per period | — |
| Total of payments | — |
| Total interest | — |
| Number of payments | — |
Enter details and select Calculate.
Why Use This Car Loan Calculator?
Price → Payment
Enter vehicle price, deposit & trade-in to see monthly cost.
APR & term control
See how rate and months change your payment & totals.
Amortization
Monthly schedule with principal, interest & balance.
Shareable
Copy a link that preserves your inputs and result.
How to Use This Car Loan Calculator
Enter car price and deposit
Then add deposit and trade-in if you have them.
Select APR and loan term
Select rate and months (e.g., 36–72).
View your payment schedule and total interest
Monthly cost, total interest and balance over time.
How to Use This Car Loan Calculator
How Car Loan Payments Work
We calculate a standard amortized auto loan. Your financed amount is vehicle price minus deposit and trade-in (plus any included fees). Each monthly payment contains interest on the remaining balance and principal that reduces it. Rate (APR) and term determine both the payment and total interest.
Formulas and Worked Example Explained
- Financed amount (principal):
PV = Price − Deposit − TradeIn - Monthly rate:
r = APR / 12 - Payment (PMT):
PMT = r × PV / (1 − (1 + r)−n) - Balance after k payments:
Bk = PV(1+r)k − PMT × ((1+r)k − 1)/r - Total & interest:
Total = PMT × n;Interest = Total − PV
Worked example: Price £18,000; deposit £3,000; trade-in £0 → PV £15,000. APR 8% → r 0.08/12; term 60 months → n 60. Payment PMT ≈ £304.15/mo. Total ≈ £18,249.20; total interest ≈ £3,249.20. (Rounded; excludes fees/insurance.)
Assumptions: Fixed APR, equal monthly payments, fees not included unless your widget adds them. PCP/balloon loans are not covered—use our Car Finance Calculator for PCP/HP comparisons.
Car Loan Calculator FAQs
What Our Users Say About This Tool
This estimator feels like a mini financial advisor. It’s incredibly helpful for first-time buyers to understand their limits. The income-to-debt ratio logic is spot on.
This tool is a lifesaver for budgeting. It’s intuitive and gives a clear breakdown of monthly payments. I especially like the amortization summary—it’s great for planning long-term.
Simple, fast, and accurate. The BMI Calculator gives instant results with clear health categorization. I appreciate the clean layout and mobile responsiveness—it’s perfect for quick checks on the go
⚠️ All services are offered on an advisory basis only. We do not act as legal, immigration, or financial representatives, and we do not guarantee outcomes. Any actions or applications taken based on our guidance are the sole responsibility of the individual.