Car Payment Calculator

Loan amount, APR and term: your monthly car payment and the total you will repay.

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 common rule of thumb: the car payment should stay under 10–15% of net monthly income, insurance and fuel included. If the payment only fits by stretching past 60 months, the car is probably too expensive for the budget.

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