Vehicle Financing Calculator

Vehicle financing allows you to purchase a car by paying in installments over time. Understanding the costs helps you make better decisions.

How the calculation works:

• The loan amount is the vehicle price minus down payment and trade-in value
• Monthly payment is calculated based on loan amount, interest rate, and term
• Total interest is the extra amount you pay over the loan principal
• Total payment includes both principal and interest

Money-saving tips:

• A larger down payment reduces your monthly payment and total interest
• Shorter loan terms mean higher monthly payments but less total interest
• Compare rates from multiple lenders to get the best deal