🚗 Auto Loan Calculator
Enter the vehicle price, down payment, interest rate, and loan term to estimate your monthly car payment.
How the Auto Loan Calculator works
The down payment is subtracted from the vehicle price first, then the remaining amount is financed using the standard amortization formula over your chosen term.
Step-by-step calculation
- 1Enter the car price and down payment or trade-in.
- 2Enter the rate and term in months.
- 3The financed amount is amortized into monthly payments.
Worked example
A $35,000 car with $5,000 down at 6% for 60 months: $30,000 financed, $579.98 a month.
Auto Loan Calculator examples
| Vehicle price ($) | Estimated monthly payment |
|---|---|
| 15,000 | ~$237.61 / month (estimate) |
| 22,500 | ~$386.12 / month (estimate) |
| 30,000 | ~$534.63 / month (estimate) |
| 37,500 | ~$683.14 / month (estimate) |
| 45,000 | ~$831.65 / month (estimate) |
Other inputs kept at the calculator's default values. Results calculated by this calculator.
Why use an Auto Loan Calculator?
Know your car payment before you visit a dealer.
Important factors that can affect your results
- Sales tax, title and fees may be added to the loan.
- Long terms lower the payment but raise total interest.
- Dealer rates can be higher than bank or credit union rates.
Frequently asked questions
Does this include sales tax or fees?
No — this estimates payments on the financed amount only; taxes, title, and dealer fees vary by state and aren't included.
How does a bigger down payment change my payment?
A larger down payment reduces the amount financed, which lowers both your monthly payment and total interest paid.
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Last reviewed November 2026 · How we build and check our tools · Report a problem