Auto Loan Calculator

Calculate your monthly car loan payments and total cost.

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Features

Comprehensive Estimates

Account for vehicle price, down payment, and trade-in value for a precise calculation.

Cost Breakdown

Visualize the split between your loan principal and the total interest paid over time.

Real-time Comparisons

Adjust terms and rates instantly to find a monthly payment that fits your budget.

Flexible Terms

Switch between monthly and yearly terms to match dealer offers.

About Auto Loan Calculator

Plan your car purchase with confidence using our Auto Loan Calculator. By entering the vehicle price, down payment, trade-in value, interest rate, and loan term, you can instantly see your estimated monthly payments. This tool helps you budget effectively and understand the total cost of financing a vehicle before you head to the dealership. Formula Used: Principal = Vehicle Price - Down Payment - Trade-in Value M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1 ] Where: M = Total monthly payment P = The Principal loan amount i = Monthly interest rate n = Total number of months

How to Use Auto Loan Calculator

  • 1
    Enter Vehicle Price

    Input the negotiated price of the car you wish to buy.

  • 2
    Add Down Payment

    Enter the cash amount you plan to pay upfront.

  • 3
    Include Trade-in

    If you are trading in a vehicle, enter its estimated value.

  • 4
    Set Loan Details

    Input the interest rate (APR) and the duration of the loan.

  • 5
    Review Payment

    See your estimated monthly payment and total loan cost instantly.

  • 6
    Analyze Interest

    Check how much interest you will pay over the life of the loan.

Auto Loan Calculator | Estimate Car Payments