Tool
Auto loan simulator
Calculate the monthly payment on a car from the price, the down payment, the rate and the term, and see the total cost of financing.
Monthly payment
—
Principal and interest; insurance is separate
Amount to finance—
Down payment—
Origination fee—
Total interest—
Cost of financing—
Assumptions & method
- Monthly payment by French amortization on the financed amount (price − down payment).
- It does not include the car insurance (mandatory on loans, sometimes financed) or GPS/accessories that some lenders add: ask for them itemized.
- Interest on auto loans from finance companies is subject to IVA; compare offers using the CAT (Costo Anual Total, Mexico's all-in APR), not just the rate.
- A long term lowers the monthly payment but can leave you owing more than the car is worth (it depreciates ~15–20% in the first year).
FAQ
The essentials, in brief
Dealer or bank?
Dealer promotions (low rates or interest-free months) usually require large down payments or charge higher fees; the bank may offer a higher rate but cleaner terms. Always compare the CAT (Costo Anual Total, Mexico's all-in APR) and the total cost, not the advertised rate.
What term makes sense?
The shortest your cash flow can handle. At 60 or 72 months the monthly payment looks comfortable, but you pay much more interest and the car is worth less than your debt for a good part of the term.
Is a larger down payment worth it?
Yes, almost always: you reduce interest and avoid ending up 'underwater' (owing more than the car is worth). If you have the cash, a 30% down payment substantially changes the total cost.
Next step
Tell us about your deal
Tell us how much you need and what collateral you offer. We'll tell you frankly whether it's viable and how we'd structure it.
Request via WhatsApp →