What is the difference between ex-showroom and on-road price?

Ex-showroom is the vehicle alone. On-road adds registration, road tax, insurance and any dealer handling or accessories. The gap is typically ten per cent or more, and the loan is written against the larger figure.

Why does the tool show depreciation?

Because a car is an expense, not an investment, and the instalment alone conceals that. The line comparing everything you paid against what the car is worth at the end is the real cost of owning it over the term.

Is a seven-year car loan a bad idea?

It lowers the instalment and raises the total interest, and it extends the period during which the outstanding balance exceeds the car's value. That matters if the vehicle is stolen, written off, or simply needs replacing sooner than planned.

Should I take the dealer's finance?

Compare it properly first. Dealer offers are often quoted flat, which makes the rate look roughly half of what it effectively is. Convert the quote before deciding.

Car Loan EMI Calculator

Instalment on the on-road price, against what the car is worth at the end.

Everything runs inside your browser. Your files never leave your device.

Result

The result appears here as you type.

Ask about Car Loan EMI Calculator

Questions about what this tool does, which option to pick, or what it can and cannot handle.

The question you type here is sent to an AI provider to be answered — your files and whatever you put in the tool above are not, and the assistant cannot see them. Answers are generated and can be wrong. The tool itself is not guessing: it runs deterministic code on your device.

About the Car Loan EMI Calculator

A car loan is usually agreed against a number nobody quotes first. The ex-showroom price is what the advertisement says; what you actually finance is the on-road price, which adds registration, road tax, insurance and whatever the dealer has attached to the deal. This tool starts from the ex-showroom figure and lets you set the on-road uplift, because that is where the loan really begins.

Alongside the instalment it prints something most calculators leave out: what the car is worth when the loan ends. A vehicle losing fifteen per cent of its value each year is worth under half its on-road price after five years, while you have paid the full price plus interest. The line showing total paid minus residual value is the honest cost of the arrangement, and it is a number worth seeing before choosing a longer tenure to make the instalment comfortable.

Longer tenures are precisely where car loans go wrong. Stretching to seven years lowers the monthly figure and raises both the total interest and the period during which you owe more than the car is worth. Being underwater on a depreciating asset matters the moment you need to sell it or it is written off.

One more thing to check. Dealer finance is frequently quoted as a flat rate, which is not comparable to the reducing rate a bank quotes and is close to twice as expensive as it sounds. Put the flat quote through the flat versus reducing tool before comparing it against anything.

Insurance renews annually for the life of the car and is not part of the instalment.

How to use it

1Enter the ex-showroom price, then set the uplift for registration, road tax and insurance.
2Put in your down payment and the rate you have been offered.
3Read the instalment, then look at the residual value line at the bottom.
4If the dealer quoted a flat rate, convert it first — it is not comparable to a bank's quote.

Questions

What is the difference between ex-showroom and on-road price?: Ex-showroom is the vehicle alone. On-road adds registration, road tax, insurance and any dealer handling or accessories. The gap is typically ten per cent or more, and the loan is written against the larger figure.
Why does the tool show depreciation?: Because a car is an expense, not an investment, and the instalment alone conceals that. The line comparing everything you paid against what the car is worth at the end is the real cost of owning it over the term.
Is a seven-year car loan a bad idea?: It lowers the instalment and raises the total interest, and it extends the period during which the outstanding balance exceeds the car's value. That matters if the vehicle is stolen, written off, or simply needs replacing sooner than planned.
Should I take the dealer's finance?: Compare it properly first. Dealer offers are often quoted flat, which makes the rate look roughly half of what it effectively is. Convert the quote before deciding.