Auto Loan Calculator
Calculate your car loan payment and costs.
Monthly Payment
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Total Interest
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Total Cost
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Principal: $0
Interest: $0
Amortization Schedule
| Month | Payment | Principal | Interest | Balance |
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Frequently Asked Questions
How does trade-in value affect my auto loan? +
Your trade-in value is subtracted from the vehicle price along with your down payment. The remaining amount is what gets financed, lowering your monthly payment and total interest.
What is a typical auto loan term? +
Common auto loan terms are 36, 48, 60, and 72 months. Shorter terms have higher monthly payments but less total interest. Longer terms lower monthly costs but increase total interest paid.
What APR should I expect for a car loan? +
APR varies by credit score, loan term, and whether the car is new or used. As of 2024, new car rates range from about 5% to 10%, while used car rates are typically 1-2% higher.
Does this calculator include sales tax and fees? +
This calculator focuses on the loan itself. To account for tax and fees, add those amounts to the vehicle price before calculating.