Type the vehicle price, then add your down payment and trade-in value if you have them. This sets the amount you need to borrow.
Enter the yearly interest rate and choose the loan term in months or years. Add sales tax if you want it included.
Your monthly payment, total interest and total cost appear instantly. Change any value to compare options. It’s free with no sign-up.
An auto loan calculator estimates your monthly car payment based on the vehicle price, down payment, interest rate and loan term. It helps you set a budget before you visit a dealer or bank.
Enter the car price, your down payment, the interest rate and the term. The calculator shows your monthly payment right away. It’s free and needs no sign-up.
A bigger down payment means you borrow less, so your monthly payment and total interest go down. It can also help you qualify for better loan terms.
A trade-in is your current car’s value, which the dealer subtracts from the price of the new one. It works like a down payment and lowers the amount you need to finance.
Shorter terms have higher monthly payments but cost less in interest. Longer terms lower the monthly payment but increase the total interest you pay, so compare a few options.
A higher rate raises both your monthly payment and total cost. Even a small difference adds up over several years, so it’s worth comparing offers from different lenders.
Yes, if you plan to finance them. Taxes, registration and dealer fees can add to the amount you borrow.
The result is an estimate. Lenders may add fees or calculate interest slightly differently, so confirm the final figures with your bank or dealer.
No. Your numbers are calculated in your browser and are not saved or shared with anyone.
Yes to both. The calculator is completely free, and it works in any modern browser on phone, tablet or desktop. For other types of loans, try our Loan Calculator.
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Estimate your monthly car payment from price, down payment, trade-in, interest rate and loan term.
Estimates only. The monthly payment is a standard fixed-rate loan payment. Sales tax is applied to the price after cash incentives and trade-in value, and state rates shown are base state rates — local taxes, dealer fees and lender rules can change the real figures, so confirm everything with your dealer or lender before you sign.