Auto Loan Calculator

Calculate your monthly payments, total interest, and amortization schedule for auto loans.

Loan Details

$
$5,000$150,000
$
$0$35,000
$
$0$35,000
%
1%20%
%
0%12%
$

Monthly Payment

$0

Total Interest

$0

Total Payment

$0

Payment Breakdown

Interest vs Principal

Amortization Schedule

MonthPaymentPrincipalInterestBalance

Our Auto Loan Calculator is a free and simple tool to help you estimate your total loan cost, total interest, and monthly car payments. Whether you're taking out a loan for a new or used car, this user-friendly calculator gives you an accurate first look at the potential costs of your purchase.

By entering a few simple pieces of information including loan amount, interest rate, and term length, you'll have the benefit of a detailed, instant amortization schedule, so you can see in real time how much your payments will cost you each month.

Auto Loan Calculator

Why Use Our Auto Loan Calculator?

Buying a car is a significant financial decision and having a good understanding of your loan term is important. The auto loan calculator helps remove the guesswork because:

Providing instant monthly payment calculations.
Display the total interest you will owe over the term of the loan.
Display a complete amortization schedule that breaks down the principal and interest.
Allow you to modify the loan amount, loan term, interest rate and down payment to see real time changes.
Take into account trade value, sales tax and additional fees to give you a fair estimate.
Allow you to compare other financing options to maximize how much money you save over time.

Utilizing the Auto Loan Calculator will keep you from falling outside of your budget so you are fully informed when you decide on financing your vehicle.

How to Use the Auto Loan Calculator

1.
Insert Vehicle Price: Enter in the price of the car you plan on purchasing.
2.
Set Your Downpayment: If you have any down payment to work with reduce the loan costs with the down payment amount.
3.
Trade-In Value: If you are trading in your old vehicle, enter the value of your trade-in.
4.
Loan Term: Select the number of months you want to pay on your loan.
5.
Adjust Interest Rate: Enter the interest rate offered by your lender.
6.
Add Sales Tax & Fees: Sales tax, delivery, registration and any other costs should be added.
7.
Check Your Total's: You will quickly get a detailed overview of monthly costs, total interest owed and total cost of the loan.

The step-by-step process shows our Auto Loan Calculator is one of the most comprehensive car financing tools available online.

Benefits of Using the Auto Loan Calculator

Easily Estimate the Cost of Your Car Loan: You will see exactly how much you can expect your car loan to cost.
Easy to Adjust Variables: Change any loan term, rate, or fees to identify the best financing option.
Visual Charts and Schedules: Understand interest versus principal payments as well as useful loan details.
Make Smart Budget Decisions: Before visiting the dealership, you will know exactly how much you can afford to borrow.
Completely Free to Use: Get all this information without any cost.

With this Auto Loan Calculator, you will always know your auto financing options.

Whether you are considering your first car purchase or just getting a new ride, our Auto Loan Calculator is the best means for planning your finances. With detailed payment breakdowns, adjustable loan terms and conditions, as well as instant repayment results you can make well-informed decisions, and secure the best auto financing.

Use the Auto Loan Calculator today to calculate your car payments and drive away with confidence!

FAQs

An Auto Loan Calculator is a digital calculator to assist you in calculating your monthly payments, total loan amount, and total interest owed based on your price of vehicle, your down payment amount, interest rate and loan term.

Our Auto Loan Calculator gives you estimated values that are very accurate based on your inputs. However, actual values can differ due to individual lender's terms and your credit history, or other fees.

Yes! The Auto Loan Calculator applies to new and used cars. You simply input the price of the car (and other details) to get your number.

Yes. You can factor in sales taxes, registration fees and other extra charges so you can see the total loan amount in one place.

By changing the loan terms, interest rates and down payments, the Auto Loan Calculator will help you discover a loan plan that is appropriate for your budget and help you save interest.

There is no sign up necessary! You can use our Auto Loan Calculator completely free, and any time you want, with no registration process!