Money tools
Car loan calculator
Work out the monthly payment from the car's price, your down payment, tax and interest rate.
How this is worked out
Loan amount = car price + sales tax − down payment − trade-in. In Canada and the US, tax is charged on the price after the trade-in.
In Europe, India and Sri Lanka the sticker price already includes VAT or GST, so tax starts at 0%.
In Malaysia and Singapore car loans are usually quoted as a flat rate, where interest is charged on the full original amount every year. Choosing those countries uses the flat-rate method.