Free tool
Car loan and true cost calculator
Enter the price, your down payment and loan terms, plus what you expect to spend on insurance, fuel and maintenance. See the monthly payment, the interest you'll pay, the full monthly cost of the car, and how it compares with your take-home pay. Nothing is stored.
The car really costs
$877 a month
- Loan payment
- $527
- Running costs
- $350
- Amount financed
- $26,280
- Total interest
- $5,316
A loan 12 months shorter would save about $1,096 in interest, at the same rate.
That's about 19% of your take-home pay. Many people aim to keep total car costs well under 20%.
A standard amortized loan with fixed monthly payments. Taxes and fees are assumed to be financed. Your actual terms come from your lender. Estimates only, not financial advice.
Lower the number
- Get a rate before you shop. See get preapproved before you shop.
- Negotiate the total. See dealer fees decoded.
- Shop your insurance. See shop your car insurance.