Car / Auto Loan Calculator
Estimate the monthly payment on a car loan by entering the vehicle price, your down payment, any trade-in value, the annual interest rate and the loan term in months. The calculator subtracts your down payment and trade-in to find the amount financed, then applies the standard amortization formula to give an accurate monthly figure. It also shows the total interest paid and the total cost of the loan, which helps you judge whether a longer term with a lower monthly payment is actually saving you money or costing more overall. Try shorter terms or a bigger down payment to see how much interest you can avoid. Fees, taxes and insurance are not included. All math runs in your browser.
How to use Car / Auto Loan Calculator
- Enter the vehicle price.
- Add your down payment and any trade-in value.
- Enter the interest rate and loan term.
- Read your estimated monthly car payment.
Frequently asked questions
How does the down payment and trade-in affect the loan?
Both reduce the amount you finance. The loan equals the vehicle price minus your down payment and any trade-in value.
What figures do I need to estimate the payment?
The vehicle price, down payment, trade-in, annual interest rate and loan term in months are enough to compute the monthly payment.
Is sales tax included in the payment?
Only if you add it to the vehicle price. The calculator finances whatever total you enter as the price.
What is Car / Auto Loan Calculator?
Estimate the monthly payment on a car loan by entering the vehicle price, your down payment, any trade-in value, the annual interest rate and the loan term in months. The calculator subtracts your down payment and trade-in to find the amount financed, then applies the standard amortization formula to give an accurate monthly figure.
Is Car / Auto Loan Calculator free to use?
Yes. Car / Auto Loan Calculator is completely free, with no sign-up and no usage limits.
Does Car / Auto Loan Calculator work in a web browser?
Yes. Car / Auto Loan Calculator runs in any modern web browser. There is nothing to download or install.
Is my data private with Car / Auto Loan Calculator?
Yes. Car / Auto Loan Calculator runs entirely on your device in your browser, so nothing you enter is uploaded to a server.
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