Start with the amount financed
The loan amount is the vehicle's financed balance after a deposit or trade-in, plus any costs you choose to finance. Check the dealer's breakdown before entering it. Add taxes, registration, insurance and running costs to a separate ownership budget if they are not financed.
Compare the term and the total
Hold the amount and rate constant, then compare a shorter and longer term. Look at total interest as well as the monthly payment. The extra-payment field shows how a regular additional payment changes the schedule under this model.
This is an amortizing loan calculation using a nominal annual rate divided by 12. It does not model balloon payments, leases, flat-rate interest, early repayment charges or promotional rate changes. It is not a finance offer.
Use the fuel-cost calculator to add an operating-cost scenario. Shared links include the values you deliberately choose to share.