Does this include tax and fees?

No — enter the drive-away price you want to finance. If you're rolling tax or fees into the loan, add them to the vehicle price.

What about a balloon payment?

This calculator uses a fully amortising loan. For PCP-style deals with a balloon, subtract the balloon from the loan amount, treat the balloon as a lump sum owed at term end, and use the mortgage calculator's interest-only mode for a closer estimate.

Should I put more down?

A bigger down payment reduces both monthly cost and total interest. As a rule of thumb, put down enough to avoid negative equity in the first year.

Is the Auto Loan calculator free?

Yes — free to use, with no signup, no limits and no personal details required. The site is supported by advertising rather than subscriptions.

Is my data saved or sent anywhere?

No. Every calculation runs in your browser, so the numbers you type are never transmitted to us or stored on a server. Closing the tab discards them.

How accurate is the result?

The maths is exact for the inputs you give it. Accuracy in practice depends on those inputs matching your real situation — fees, rate changes and edge-case rules are the usual sources of difference. It is a planning tool, not financial advice.

Can I share or save my results?

Yes. Your inputs are stored in the page URL, so you can copy the link from the address bar (or use the share button) to bookmark a scenario or send it to someone else.

Auto Loan Calculator

Model the true monthly cost of a car including down payment and trade-in.

Your details

Vehicle price

Down payment

Trade-in value

Interest rate (APR)

Term (months)

Monthly payment

£441

Loan amount £22,000

Total interest

£4,450

Total paid

£26,450

Principal vs interest

How this is calculated

The loan amount is the vehicle price minus your down payment and any trade-in value. The monthly payment is calculated using the standard amortising loan formula.

Longer terms lower the monthly hit but sharply increase total interest — and can leave you owing more than the car is worth for the first few years.

Who this calculator is for

This is aimed at anyone weighing up borrowing, saving or investing decisions before committing to them. It is most useful when you are comparing offers side by side, testing how sensitive a plan is to a change in rate or term, or sanity-checking a figure a lender or adviser has quoted you.

Assumptions and accuracy

Results assume the interest rate you enter stays fixed for the whole term and that payments are made on schedule. Real products may carry arrangement fees, early-repayment charges, variable rates, or different compounding intervals, all of which change the total. Use this to compare options, then confirm the exact figures with the provider.

Frequently asked questions

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