Car Loan & Auto Finance Calculator
Calculate the monthly payment on a new or used car loan in any of 34 countries, with local down-payment and maximum-tenure rules applied. Enter the amount, rate and term to see your payment and total cost.
Choose your country for local rates
Rates, currency and rules differ everywhere. Open the car loan / auto finance calculator tuned to your country:
How a car loan is calculated
A car loan uses the same reducing-balance formula as a mortgage — P × r × (1+r)n ÷ ((1+r)n − 1) — applied to the amount you finance (car price minus your down payment). Some markets quote a “flat rate” instead; the reducing-balance equivalent is usually roughly double the flat number.
Depreciation is the hidden cost
Unlike a home, a car loses value — typically 15–25% in the first year and about 40–50% over three years. Borrowing heavily over a long term for a depreciating asset is one of the most expensive forms of common debt. A larger down payment (20%+) and a shorter term keep you from owing more than the car is worth.
Rates and rules vary widely
Auto-loan rates and maximum tenures are regulated differently everywhere — from ~3–5% in the Gulf and East Asia to 25%+ in high-inflation markets. Captive lenders (Toyota Financial, Ford Credit) often beat banks on promotional rates. Pick your country below for realistic local defaults.
Want the full interactive tool?
The homepage version adds amortization schedules, prepay-vs-invest, inflation adjustment and 14 calculators in one place.
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