Car Loan Term Comparison

Monthly payment and total interest for each term — see what a longer loan really costs.

Formula

Payment over n months = P × r / (1 − (1 + r)^−n)

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

Every extra year lowers the payment but raises total interest and extends the time you owe more than the car is worth. Beyond 60 months the loan often outlasts the wish to keep the car.

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