Auto Loan Calculator
Calculate your auto loan installment with vehicle price, down payment, trade-in value, interest rate, and maturity details.
Monthly installment = P × r × (1+r)^n / ((1+r)^n - 1). P: loan amount, r: monthly interest rate, n: number of maturity months.
The calculation is based on fixed-installment auto loan/amortization logic. Since central bank interest data, bank campaigns, regulatory decisions, and current regulations published in the Official Gazette can change, interest, maturity, expense, and insurance fields are left as user inputs.
This tool is for estimated calculation purposes. The official loan offer of the bank, comprehensive/insurance conditions, pledge transactions, and current legislation should be taken as a basis; it is not legal or financial advice.
Frequently Asked Questions
How is the auto loan installment calculated?
The loan amount is found by deducting the down payment and trade-in value from the vehicle price. It is calculated according to the fixed installment formula with the loan amount, monthly interest rate, and maturity.
How does down payment or trade-in value affect the installment?
As the down payment or trade-in value increases, the loan amount to be used decreases. This generally lowers the monthly installment and total interest cost.
Are comprehensive and insurance included?
In this tool, one-time expenses such as comprehensive, insurance, file, or pledge can be entered by the user. Since they can vary according to the bank and vehicle, they are not assumed to be fixed.
