Auto Loan Calculator
Estimate your monthly car payment and total loan cost. Account for your down payment, trade-in value, interest rate, and loan term to see exactly what your auto loan will cost.
Auto Loan Calculator
loan calculator
How It Works
Formula
Monthly Payment = L × [r(1+r)^n] / [(1+r)^n − 1] where L = Price − Down − Trade-in
Examples
$35K car, $5K down, 7% for 60 months
About $594/month.
Frequently Asked Questions
What is a good auto loan term?
Shorter terms (36-48 months) mean higher monthly payments but far less total interest. Avoid terms over 60 months when possible — long loans risk owing more than the car is worth.
How much down payment do I need for a car?
A common recommendation is 20% down on a new car and 10% on a used car. A larger down payment lowers your monthly payment and total interest.
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