How do I calculate my car loan payment?

To calculate your car loan payment, enter the loan amount, interest rate, and loan term into the calculator. The monthly payment is based on amortization of these values.

What is a good interest rate for a car loan?

Car loan interest rates vary depending on your credit score and loan term. Generally, a good rate for new cars is around 4%–6%, and 6%–9% for used cars.

Can I lower my monthly car loan payment?

Yes. You can lower your car loan payment by increasing the loan term, improving your credit score, making a larger down payment, or refinancing the loan.

Car Loan Calculator: Monthly Payments

Car Loan Calculator

How to Calculate Car Loan Payments? Enter the loan amount, annual interest rate, and loan term to estimate your monthly payments. Our free Car Loan Calculator at Calculatory.org provides accurate results.

Estimate your monthly car loan payments based on loan amount, interest rate, and loan term.

Loan Amount ($)

Annual Interest Rate (%)

Loan Term (Years)

Estimate Your Monthly Car Loan Payments

Use our free Car Loan Calculator to quickly estimate your monthly auto loan payments. Just enter the total loan amount, interest rate, and loan term, and the calculator will show you what to expect each month.

This tool is ideal for anyone buying a new or used car, refinancing an existing auto loan, or comparing lender offers. Knowing your monthly payment helps you stay on budget and avoid financial surprises.

Key inputs include:

Vehicle price or loan amount
Annual interest rate offered by your lender
Loan term in months or years

Our calculator supports various down payment and trade-in scenarios so you can customize your estimate. Make informed decisions before you step into a dealership or apply online.