Auto Loan Calculator: Plan Your Car Purchase
Shopping for a car? The Auto Loan Calculator helps you understand the true cost of financing by showing monthly payments, total interest, and a complete amortization schedule.
What It Does
This calculator takes your vehicle price, down payment, loan term, and interest rate to compute your monthly payment. It also shows the total amount of interest you will pay over the life of the loan and provides a month-by-month amortization table showing how each payment splits between principal and interest.
How to Use It
Enter the vehicle price, your down payment amount, the loan term in months, and the annual interest rate. Click Calculate to see your monthly payment and total cost. Adjust the inputs to compare different financing scenarios side by side.
Tips & Tricks
Try increasing your down payment to see how much you save in interest over the loan. Compare 36-month vs 60-month terms to find the best balance of affordability and total cost. Factor in sales tax by adding it to the vehicle price.
Use Cases
Car buyers compare dealer financing offers against credit union rates. Budget planners determine the maximum car price they can afford on their monthly budget. Salespeople show customers payment breakdowns to help close deals.
Try Auto Loan Calculator Now
Ready to get started? Use this free tool directly in your browser — no sign-up required.
Open Auto Loan Calculator