Auto Loan Calculator

Calculate monthly car payments, total interest, and financing costs for new and used vehicles with trade-ins and down payments.

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Vehicle & Financing Details

$
MSRP or negotiated price before taxes and fees
$
%
$
Check KBB or Edmunds for accurate trade-in values
%
Excellent: 3-5% Good: 5-8% Fair: 8%+
%
$
$
Title, registration, documentation fees

Auto Loan Summary

Monthly Payment

$0
Loan Amount
$0
Total Interest
$0
Sales Tax
$0
Total Cost
$0
Vehicle Price: $0
Down Payment: $0
Trade-in Value: $0
Other Fees: $0
Loan Term: 0 months

Payment Schedule (First 12 Months)

Payment # Payment Date Payment Amount Principal Interest Balance

Calculate auto loan to view payment schedule

Auto Loan Comparison

Auto Financing Tips

Credit Score Impact

Your credit score significantly affects your interest rate. Check your credit before shopping and consider improving it first.

Shop Around

Get pre-approved from banks, credit unions, and online lenders before visiting dealers. Credit unions often offer better rates.

Loan Term

Longer terms mean lower payments but more interest. Avoid going underwater on your loan with terms over 60 months.

Down Payment

A larger down payment reduces your loan amount, interest costs, and helps avoid being upside-down on the loan.

Total Cost

Focus on the total cost, not just monthly payment. Dealers may extend terms to lower payments while increasing profit.

GAP Insurance

Consider GAP insurance if you're putting little down, as new cars depreciate quickly in the first year.