Car Down Payment Calculator

Down payment amount from a percentage of the price, the amount left to finance and the resulting monthly payment.

Formula

Monthly payment = P × r / (1 − (1 + r)^−n) ; r = Annual interest rate (APR %) / 12 ; n = Loan term

Assumptions

Standard amortising loan with fixed payments, excluding loan insurance, taxes and incentives: add them for your offer and country. Indicative only — not financial advice.

How to read it

A 20% down payment usually covers first-year depreciation, so you never owe more than the car is worth. With no down payment, a write-off or early resale can leave you owing a balance after the insurance payout.

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