Work out your monthly car payment before you visit the dealership. Enter the vehicle price, deposit, trade-in value, loan term and APR to see your estimated monthly payment, total interest and the full cost of borrowing — calculated instantly in your browser.
How to Use
- Enter the vehicle price, your down payment and any trade-in value.
- Choose the loan term and enter the annual percentage rate (APR).
- Click Calculate payment to see your monthly payment, total interest and full loan cost.
- Adjust the term, deposit or APR to compare finance deals side by side.
Key Features
- Instant payment estimate — monthly figure from price, deposit, trade-in, term and APR.
- Full cost breakdown — amount financed, total interest and total repayments.
- Flexible terms — compare 24 to 84 month loans in seconds.
- Handles 0% APR — works for interest-free deals as well as standard finance.
- 100% private — runs entirely in your browser; nothing is sent or stored.
FAQs
How is the monthly payment calculated?
We use the standard amortising loan formula: the amount financed is spread over the loan term at the monthly equivalent of your APR, so every payment covers that month’s interest plus a slice of the balance.
Does it include fees or insurance?
No. The estimate covers the loan itself. Arrangement fees, GAP insurance, servicing and running costs are not included, so treat the result as a budgeting guide rather than a final quote.
What does APR mean?
APR is the annual percentage rate — the yearly cost of borrowing including interest. A lower APR means lower monthly payments and less interest paid overall.
Is this financial advice?
No. This calculator gives an estimate for planning purposes only. Always check the lender’s official illustration and read the finance agreement before you sign.
Related Tools
Try these related tools: Loan Calculator, Mortgage Calculator and EMI Calculator.