Car Loan Interest Calculator

How much interest you will pay in total over the life of your car loan.

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

Interest is front-loaded: repaying early in the first year saves far more than in the last. Check your contract for early-repayment penalties before deciding.

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