Skip to main content

Auto Loan Calculator

Calculate your car payment in seconds. Enter the car price, down payment, any trade-in value, loan term, and interest rate, and this auto loan calculator gives you the monthly payment, amount financed, total interest, and total cost.

$
$
$
%

How to Use the Auto Loan Calculator

  1. Enter the car price.
  2. Add your down payment and trade-in value (deducted from price).
  3. Choose the loan term in months.
  4. Enter the annual interest rate.
  5. Click Calculate to see your monthly payment, amount financed, total interest, and total cost.

Formula Used

Financed = Price − Down − Trade-In   |   PMT = P × [r(1+r)โฟ] / [(1+r)โฟ − 1]

Example: $30,000 car, $5,000 down, 60-month term at 7% = ~$495/month. Amount financed: $25,000.

Frequently asked questions

Everything you need to know about this calculator.

Advertisement

Advertisement ยท 320ร—50