See how much interest a car loan really costs before it's paid off.
A standard amortizing loan payment is computed from the principal and rate, and interest is what is left after repaying principal. Financing terms shift the total by thousands, so comparing interest cost across lenders reveals the true price of convenience.
Car Interest Cost
Payment = P x r / (1 - (1 + r)^-n); interest = payment x n - P
Payment = P x r / (1 - (1 + r)^-n); interest = payment x n - P A standard amortizing loan payment is computed from the principal and rate, and interest is what is left after repaying principal.
Financing terms shift the total by thousands, so comparing interest cost across lenders reveals the true price of convenience.
This calculator takes 3 inputs: Loan amount, Interest rate, Loan term. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.