Car Loan Calculator
Fill in the values and the answer updates as you type.
How the Car Loan Calculator works
Monthly payment = L × r ÷ (1 − (1 + r)^−n), where L is the amount financed. Fees, taxes, and insurance are not included.
Inputs and results
The Car Loan Calculator takes 4 inputs and gives 3 results.
What you enter
- Car price ($) — starts at 30000.
- Down payment ($) — starts at 5000.
- Annual interest rate (%) — starts at 6.5.
- Loan term (months) — starts at 60.
What you get
- Monthly payment
- Total interest
- Total cost incl. down payment
Example: Car Loan Calculator with the starting values
With car price 30000 $, down payment 5000 $, annual interest rate 6.5 % and loan term 60 months, the calculator returns:
| Monthly payment | $489.15 |
|---|---|
| Total interest | $4,349.22 |
| Total cost incl. down payment | $34,349.22 |
Change any value above and the results update straight away.
Car Loan Calculator FAQ
How do I use the Car Loan Calculator?
Enter car price, down payment, annual interest rate and loan term in the fields, then read monthly payment, total interest and total cost incl. down payment in the result panel. The answer updates as you type, and you can press Calculate or Enter to refresh it. Use “Copy link” to share your exact numbers with someone else.
What does the Car Loan Calculator calculate?
Monthly car payment, interest, and total cost. It returns monthly payment, total interest and total cost incl. down payment from the 4 values you provide.
What values does the Car Loan Calculator start with?
It opens with car price 30000 $, down payment 5000 $, annual interest rate 6.5 % and loan term 60 months so you can see a working result straight away. Replace them with your own numbers, or press Reset to return to these starting values.
Is the Car Loan Calculator free and private?
Yes. It is free, needs no account, and runs in your browser, so nothing you type is sent to or stored on our servers. See the Privacy Policy for details.
Can I rely on the Car Loan Calculator for important decisions?
Treat the result as a well-rounded estimate. Real situations often have details a general calculator cannot know, so confirm important decisions with a qualified professional. See the Disclaimer for more.