Buying a car can be expensive and knowing the long-term picture of affordability is challenging.

A new, unique car loan payment calculator just launched giving you a clearer indication of the total cost of borrowing money prior to purchasing a car.

Input the total purchase price of your vehicle, frequency of payments and other related fees. Auto Loan’s new online calculator tool factors in taxes, extra payments and interest – things that similar services don’t typically offer.

This handy tech tool gives you a breakdown of costs you should expect to pay throughout the duration of your loan. It a great way assess the viability of on going car payments by including the hidden costs of borrowing money to help you make an informed decision