Auto Loan Calculator – Estimate Your Monthly Car Payments

How to Use the Auto Loan Calculator

Planning to finance a new or used vehicle? This calculator gives you a clear picture of what your monthly payments will be. Simply enter your loan details, and see an estimate of your payments, total interest costs, and potential savings by adjusting loan terms or interest rates

Input Loan Details and Assumptions:

• Purchase Price ($): Enter the total price of the vehicle you intend to buy.
• Value of Your Trade-In ($): If you trade in a vehicle, enter its estimated value to lower your total loan amount.
• Down Payment ($): If making a down payment, enter the amount to see how it affects your loan.
• Amount Owed on Trade-in ($ – if applicable): If you still owe money on your trade-in, enter the remaining balance.
• Cash Rebate ($ – if applicable): If the dealer or manufacturer is offering a cash rebate, enter the amount—it will be deducted from the purchase price.
• Term of Loans (Months): Select the duration of your loan (e.g., 36, 48, 60, or 72 months).
• Interest Rate (0 – 40%): Input the expected annual interest rate for your loan.
• Desired Table Display: Yearly or Monthly
• Once all the information is entered, click Calculate

Once details are entered, the calculator will display:

• Estimated Monthly Payment: Your projected monthly payment based on the loan amount, term, and interest rate.
• Total Interest Paid: The total amount of interest you’ll pay over the life of the loan.
• Total Loan Cost: The full amount paid over the loan term, including principal, interest, and any additional fees.
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