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Auto Loan Calculator
Find the monthly car payment, the amount financed and the total cost of credit.
Car payment calculator
Amount financed: —
Monthly payment: —
Cost of credit: —
Total paid including deposit: —
How to use the Auto Loan Calculator
- Enter the price of the vehicle and the deposit you plan to pay.
- Set the annual interest rate and the term in months.
- Read the amount financed, the monthly payment and the cost of credit.
Features
- Monthly car payment from the annuity formula
- Total cost of credit across the term
- Deposit and total outlay included
- Runs locally, no uploads
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Frequently Asked Questions
Common questions about the free online auto loan calculator.
The deposit comes off the price, then the remaining balance is repaid with the standard
annuity formula over the term in months.
It is the total interest charged over the life of the loan, which is everything you repay
minus the amount financed.
Yes. Every extra pound or dollar of deposit reduces the amount financed, so the monthly
payment and total interest both fall.
A longer term lowers the monthly payment but raises the total interest, and the car may be
worth less than the balance owed.
Financing 25000 over 60 months at 7 percent gives a monthly payment of about 495.03 with
roughly 4702 of interest.
Yes. Add the trade-in to the deposit box, because both reduce the amount you have to finance
on the new vehicle.
No. It covers the vehicle price and interest only, so add sales tax, registration and dealer
fees to the price yourself.
No. Every calculation runs locally in your browser and nothing you type is ever sent to a
server.
Yes. The page is fully responsive and works on phones, tablets and desktop computers alike.
Yes. The auto loan calculator is completely free, needs no account and has no usage limits.
Last updated: October 10, 2026