Auto Loan Calculator
Estimate monthly car payments, amount financed, fees, taxes, and total interest.
Inputs
Results
How this calculator works
This auto loan calculator is designed for English users comparing car finance offers in the US, UK, Canada, and Australia. It combines price, trade-in, down payment, tax, fees, APR, and term into an estimated monthly payment.
Formula and assumptions
Amount financed equals vehicle price plus estimated tax and fees, minus down payment and trade-in. Monthly payment uses the standard installment loan amortization formula.
FAQ
Does this include insurance or fuel?
No. It estimates the loan payment only. Insurance, fuel, maintenance, and parking should be budgeted separately.
Should I enter APR or nominal rate?
For payment estimates, enter the rate used by the lender. APR can include fees and is useful for comparing offers.
How does trade-in affect tax?
The calculator estimates tax after trade-in. Some regions tax differently, so confirm local rules before buying.
Is a longer car loan cheaper?
It lowers the monthly payment but usually increases total interest and negative-equity risk.
