Car loan calculator
Work out the monthly payment for a car loan, taking off your deposit or trade-in.
About this calculator
Enter the price of the car, how much you can put down, the interest rate and the number of months. The calculator finances the rest at a fixed rate and shows the monthly payment, the interest you will pay, and the true total cost including your deposit.
Dealer finance can include balloon payments or fees that are not covered here, so check the full agreement.
Common questions
Should I put down a bigger deposit?
A bigger deposit means you borrow less and pay less interest, as long as it does not leave you without savings.
What is a good loan term?
Shorter terms cost less interest overall. Many people choose 36 to 60 months.
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