Car Loan Calculator: Easily Calculate Your Monthly Payments

To calculate a car loan, you can use our car loan calculator which employs the formula: M = P[r(1 + r)^n] / [(1 + r)^n – 1]. Here, M is the total monthly payment, P is the loan amount, r is the monthly interest rate, and n is the number of payments. This tool helps you estimate your monthly payments based on the loan amount and interest rate.