How to use the Car Loan Calculator
Fill in the fields on the left. Results, charts and the breakdown update instantly as you type or move a slider. Pick your country at the top of the page to switch currency.
Formula
Loan = Price × (1 + tax %) − down payment − trade-in
Monthly payment = P × r × (1 + r)^n ÷ ((1 + r)^n − 1)
Frequently asked questions
What is a good car loan term?
Try to keep it to 60 months or less. Longer loans lower the payment but you may owe more than the car is worth for years.
How much car can I afford?
A common rule is the 20/4/10 rule: 20% down, a loan of at most 4 years, and total car costs under 10% of gross income.
Results are estimates for information only and are not financial, tax or legal advice. Tax rules, interest rates and fees change, so confirm important numbers with your bank, employer or a qualified adviser. Read our disclaimer.