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01Finance & Loans toolCalculated result
Auto Loan Calculator
Car payment, total cost and interest by term and rate.
100% FreeRuns instantlyNo watermark
- 1Enter detailsAdd the numbers for your scenario.
- 2CalculateVootkit updates the result instantly.
- 3ReviewCheck totals, notes and breakdowns.
Private by designProcessed on your device where possible.
Works on any deviceDesktop, tablet and mobile browsers.
No installationOpen the page and start working.
Always free coreUse the free plan for everyday tasks.
How to use Auto Loan Calculator
Vootkit updates the result instantly.
02Check totals, notes and breakdowns.
03Copy the answer into your workflow.
04Your files stay private
Your work is processed locally in your browser where possible and is never added to a Vootkit upload library.
Learn more about privacyCar finance is sold on the monthly payment, and it is the one figure that hides everything. Two deals with the same monthly cost can differ by thousands once the term, deposit and trade-in are accounted for.
What Auto Loan Calculator does
Calculates the monthly payment and total cost of a vehicle loan, including deposit, trade-in value and sales tax.
Term is entered in months rather than years because that is how car finance is quoted — and because the difference between 60 and 84 months is where most of the cost hides.
Terms and what they cost
| Term range | 6–120 months |
|---|---|
| Common terms | 48, 60, 72 and increasingly 84 months |
| Effect of stretching | A lower payment and materially more total interest |
| Deposit and trade-in | Both reduce the amount financed |
| Sales tax | 0–30%, applied to the purchase |
| Depreciation risk | Long terms can leave you owing more than the car is worth |
| Rate range | 0–40% a year |
Detailed steps
- Enter the price, deposit and any trade-in value.
- Enter the rate and term in months.
- Add sales tax if it applies where you are.
- Run the same car at 60 and 84 months and compare total cost, not the payment.
Worth knowing
A long term on a fast-depreciating asset means years of owing more than the car is worth. If it is written off or you need to sell, you cover the gap yourself — which is a specific risk of car finance that does not apply to a mortgage in the same way.
Frequently Asked Questions
Is a 72 or 84-month term a bad idea?
It lowers the payment and raises the total, and on a depreciating asset it extends the period where you owe more than the car is worth. Whether that is acceptable depends on how long you keep cars and how stable your income is — the calculator shows the cost, not the risk.
Is 0% finance really free?
Sometimes. Check whether the cash price would have been lower without the finance, and whether there is an arrangement fee. "0% finance" and "discount for paying outright" are frequently the same money presented differently.
Should I put the trade-in toward the deposit?
It reduces the amount financed either way. The question worth asking is whether the dealer’s trade-in offer is competitive — bundling it into a finance deal makes it harder to see what you were actually given for the old car.
What is not included?
Insurance, tax, servicing, tyres and fuel. On a cheaper car those running costs can exceed the finance payment, so the monthly figure here is not the monthly cost of owning the vehicle.
Is Auto Loan Calculator free?
Yes. The Vootkit free plan includes 5 tool runs a day. Upgrade to Vootkit Pro for unlimited daily use, an ad-free workspace and saved workflows.
Are my files uploaded?
No. Auto Loan Calculator runs entirely in your browser — your file is processed on your own device and never sent to a server. There is nothing for us to store or delete.
Do I need to install anything?
No. Auto Loan Calculator works in any modern browser on desktop, tablet or phone. Open the page and start.
How often can I use it? Is there a daily limit?
On the free plan you get 5 tool runs a day. When you reach the limit you'll see a prompt to upgrade, and it resets the next day. Vootkit Pro removes the cap entirely for unlimited daily use.
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This tool processes everything locally in your browser. You can disconnect from the internet after the page loads and it will still work.