Car Loan Calculator

Please fill in all fields with valid numbers!
Monthly Payment
$0.00
Total Payment
$0.00
Total Interest
$0.00

How to Use

1

Enter the total loan amount you need

2

Input the annual interest rate (%)

3

Choose your repayment period in years

4

Click Calculate to see payment breakdown

About Car Loans

A car loan helps you finance vehicle purchases while spreading payments over time. Key factors:

  • Interest rates (fixed/variable)
  • Loan term (3-7 years typical)
  • Down payment amount
  • Credit score requirements

How It Works

Uses the standard auto loan formula:

M = P [ i(1 + i)^n ] / [ (1 + i)^n - 1 ]

M: Monthly payment

P: Principal loan amount

i: Monthly interest rate

n: Number of payments