Car Loan Calculator
car_loanRead-only
What a car actually costs you a month — priced for your market, where tax may or may not already be in the sticker. A car payment depends on something most calculators quietly assume: whether tax is added at purchase or already sitting in the advertised price. In the US, Canada and Japan it is added on top — and in most US states a trade-in is credited before tax is worked out. In the UK, the EU, Australia, Singapore and India, VAT or GST is already inside the sticker, so adding it again overstates the loan by the full tax rate. Pick the market and the rest follows, together with the negative-equity warning the dealership finance office will not give you.
Input Schema
TableJSON Schema
| Name | Required | Description | Default |
|---|---|---|---|
| down | No | Down payment | |
| rate | No | Interest rate (APR) (%) | |
| price | No | Vehicle price | |
| market | No | Where are you buying? This is the input that decides whether the answer is right. Where tax is added at purchase (US, Canada, Japan) it is charged on top of the advertised price. Almost everywhere else — the UK, the EU, Australia, Singapore, India — VAT/GST is already inside the price, so adding it again overstates the loan. | US |
| months | No | Term (mo) | |
| tradeIn | No | Trade-in / part-exchange value In most US states a trade-in reduces the amount you are taxed on. Where tax is already in the price it simply lowers what you borrow. | |
| salesTax | No | Sales tax / GST added at purchase (%) Only applies in tax-added markets. Ignored where the advertised price already includes VAT/GST. | |
| vehicleType | No | Petrol or new-energy vehicle? Only changes the answer in China, where new-energy vehicles pay half the purchase tax for 2026–2027, capped at a ¥15,000 reduction. The full exemption ended on 31 December 2025. | ice |