Car Loan Calculator
Enter vehicle price, down payment, rate, and term — get monthly payment and full amortisation table.
€
€
%
Monthly breakdown
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per month
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Loan amount
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Total interest
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Total repaid
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Interest as % of loan
Amortisation schedule
| Month | Payment | Principal | Interest | Balance |
|---|
About the Car Loan Calculator
This calculator uses the standard annuity formula to compute your exact monthly payment and shows the complete amortisation schedule — every payment broken down into principal and interest.
How to use it
- Enter the vehicle price and your down payment — the calculator works out the loan amount automatically
- Enter your lender's annual interest rate (APR)
- Choose your loan term — longer terms mean lower monthly payments but more total interest
Total cost of borrowing
The interest as % of loan figure shows how much extra you are paying relative to the loan amount. At 6.9% over 60 months, you typically pay around 19% extra in interest.
Frequently Asked Questions
How is the monthly payment calculated?
The standard annuity formula: P × (r(1+r)^n) / ((1+r)^n − 1), where P is the principal, r the monthly rate, and n the number of months.
What is a good car loan rate?
In Europe, typical rates are 4–9% APR. In the US, 6–8% APR for new cars. Your credit score is the biggest factor.
Should I put more money down?
Yes — a larger down payment reduces principal, monthly payment, and total interest. 10–20% down is commonly recommended.
Car & Vehicle tools