Tool · True Cost of Borrowing
The sticker price is a suggestion.
The loan is the real price.
The Interest Kill List gets rid of debt you already have. This one is for the moment before the next one: the car, the couch, the "0% for 18 months" at the register. Put in the deal and see what it really costs, in dollars and in hours of your life.
Nothing you type here is saved or sent anywhere. The math runs in your browser, and closing the page erases it.
72 and 84 months are common on cars now. Longer means a smaller payment and more interest.
Monthly take-home pay divided by the hours you work in a month (about 173 for full time). Optional, but it's the number that makes this real.
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What it really costs
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Interest
How it works: interest is charged monthly on what you still owe, the standard way loans are calculated. Real offers can add fees, insurance or add-ons rolled into the loan; put the full amount financed in the price if they do. Education, not financial advice.
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Reserve Builder: so the next big expense is paid in cash and this tool never has to come out.