🚗 Auto Calculator

Auto Loan Calculator

Calculate your car loan monthly payment, total cost, and see how down payment and trade-in affect what you owe.

Vehicle & Loan Details

Enter your car purchase details

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$5K$200K
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$
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0%25%
Monthly Payment
$—
Enter details and calculate
Total Cost
$—
Loan Amount
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Total Interest
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Sales Tax
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Payoff Date
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Vehicle Price—
Sales Tax—
Down Payment + Trade-In—
Loan Amount—
Total Interest—
Total Cost (incl. interest)—

About the Auto Loan Calculator

Use this calculator to compare auto loan offers. Enter the vehicle price, your down payment, any trade-in value, applicable sales tax, loan term, and interest rate. The calculator computes your exact monthly payment and shows the true total cost including interest. Use it to negotiate a better rate or compare 48, 60, or 72-month loan terms.

FAQ

What is a good auto loan interest rate?
In 2024-2025, good auto loan rates for buyers with excellent credit (750+) range from 4%–7% for new cars and 6%–10% for used cars. Rates vary by credit score, loan term, and lender.
Should I put more money down on a car?
A larger down payment reduces your loan amount, lowers monthly payments, and means you pay less total interest. Aim for at least 20% down on a new car and 10% on a used car.
Is a 72-month auto loan a good idea?
Longer terms reduce monthly payments but significantly increase total interest paid. For a $35,000 car at 7%, a 72-month loan costs about $2,500 more in interest than a 48-month loan.