Auto Loan Calculator
Calculate car loan payments, interest, and total costs. Perfect for new cars, used cars, and auto refinancing. Find the best financing option for your budget.
Comprehensive Auto Loan Analysis
Everything you need to make smart car financing decisions
Monthly Payments
Calculate exact monthly car payments including principal and interest. See how different loan terms affect your monthly budget.
Trade-in & Down Payment
Factor in trade-in value and down payments to see how they reduce your loan amount and monthly payments.
Total Cost Analysis
See total interest paid and overall cost of ownership. Compare different loan scenarios to find the most affordable option.
How Auto Loans Work
Understanding car loan calculations and financing options
Vehicle Price
Enter the total purchase price of the vehicle. This includes the negotiated price plus taxes, fees, and additional costs.
Down Payment & Trade-in
Subtract your down payment and trade-in value from the vehicle price to determine the actual loan amount you'll need.
Loan Terms & Rate
Choose your loan term (typically 3-7 years) and interest rate. These determine your monthly payment and total interest cost.
Common Auto Loan Scenarios
Real-world car loan examples and payment calculations
New Car Loan
Example: $35,000 New Car
- • 20% down = $7,000
- • Loan amount = $28,000
- • 5% APR for 5 years = $528/mo
- • Total interest = $3,680
Used Car Loan
Example: $20,000 Used Car
- • 10% down = $2,000
- • Loan amount = $18,000
- • 6.5% APR for 4 years = $426/mo
- • Total interest = $2,448
Luxury Car Loan
Example: $60,000 Luxury Car
- • 25% down = $15,000
- • Loan amount = $45,000
- • 4.5% APR for 6 years = $756/mo
- • Total interest = $6,432
Smart Car Financing Tips
Save money and get the best auto loan rates
Before You Buy
- •Check your credit score and improve if needed
- •Get pre-approved for a loan before shopping
- •Save for a larger down payment (10-20%)
- •Research current auto loan interest rates
Loan Comparison
- •Compare dealer financing vs. bank/credit union
- •Consider shorter terms for less interest
- •Watch out for hidden fees and charges
- •Read all loan terms carefully before signing
Calculate Your Car Loan Payment
Use our free auto loan calculator to understand your payments, compare financing options, and make the best car buying decision.
Calculate Car Loan