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Car Loan Calculator: Sri Lanka

Calculate your monthly car payment including sales tax, trade-in and fees, see total interest and cost, or find how much car a monthly budget buys.

Reviewed by CentExactRates effective 1 sourceCalculated in your browser. Shared links include inputs.

Sri Lanka: the duty is in the price, the interest is the problem

Most of what a Sri Lankan car costs is import duty, and it is already reflected in the price you see, there is no separate duty field, and the price you enter is the duty-inclusive one. What is added on top is smaller: registration and revenue licence charges, which this page opens at 5% of the price as a working figure.

There is no trade-in credit, so a part-exchange lowers the amount financed by its equity and nothing else.

The figure that deserves the attention here is not the tax but the rate. Sri Lankan vehicle loans are advertised well into the teens, and this page opens at 14%, against 3% in Japan and 5% in France. At that rate the term choice stops being a matter of convenience: over five years the interest alone comes to roughly 40% of what you borrow, and stretching the loan to seven years to make the monthly figure look manageable adds a great deal more. Enter the largest down payment you can actually make and compare the total interest line across two or three terms before looking at the monthly payment at all.

For how the calculation works, the formula behind it and what it leaves out, see the full guide. For help interpreting a result or comparing it with a quote or statement, read the questions and answers.

Data sources

Sri Lankan consumer finance conventionsCentral Bank of Sri LankaWithin its effective period

Every document each dataset was read from, its notes and how the figures were checked are listed in the guide's data sources.

This calculator in other countries

Each country has its own rates, thresholds and rules, and its own page that runs the calculator on them and cites the official sources they came from.

CentExactCalculator publisher

CentExact publishes the calculation method, worked examples and available data sources. Automated checks cover reference calculations; they do not certify a result for your circumstances or imply approval by a lender or tax authority.

How we build and test our calculators

This calculator is for general information only and is not financial advice. Results are estimates based on the figures you enter and the stated formula; lenders and providers may round or calculate differently. Check any decision with the institution involved or a qualified adviser.