Car Loan Calculator
Estimate monthly payments, total interest, and payoff time for auto loans.
Loan Details
Summary
Enter loan details and select Calculate to see results.
Recent Car Loan Calculations
No calculations yet. Complete a calculation to see it here.
Tips
Include taxes and dealer fees for a more realistic estimate. Compare rates or terms to see how much interest you can save.
This calculator uses fixed-rate amortization to estimate monthly payments, total interest, and payoff time. Use it to compare lender offers or evaluate shorter terms.
What Impacts Your Auto Loan
Vehicle price
Higher price and dealer fees increase principal and total interest.
Down payment
More money down reduces the loan amount and monthly payment.
APR and term
Longer terms lower monthly payments but increase total interest paid.
How We Calculate
Payments are based on fixed-rate amortization, then adjusted for taxes, fees, and optional extra payments.
- Loan amount = vehicle price − down payment + fees + taxes.
- Payment uses standard amortization for the selected term.
- Extra payments reduce principal and shorten payoff time.
FAQ
How are car loan payments calculated?
Payments are estimated using fixed-rate amortization based on your rate, term, taxes, and fees.
Does this include trade-in value?
Trade-ins are not a separate field. Reduce the vehicle price or increase the down payment to reflect a trade-in.
Estimates only. Interest calculations assume standard amortization, fixed rate, and constant payments. Taxes and fees are user-provided inputs. This tool is not financial, legal, or tax advice.