Car Loan Calculator
A car loan calculator is an essential online tool for estimating monthly car payments and total costs based on vehicle price, down payment, trade-in value, interest rate, loan term, sales tax, and fees. This free auto loan calculator helps car buyers assess affordability, compare financing options, and plan budgets for new or used vehicles accurately. Users enter purchase price, credit score-based APR, term length in months or years, and down payment to instantly view monthly installments, total interest paid, and full loan payoff amount with amortization schedules. Ideal for auto loan pre-approval, dealer financing comparisons, or refinancing existing car loans, it supports extra payments for faster payoff and tax deductions. Advanced car payment calculators include gap insurance, extended warranties, and lease vs buy analysis for comprehensive decisions. In today’s automotive market, a reliable car loan calculator empowers informed purchases, prevents overborrowing, optimizes interest savings, and supports smart vehicle financing effortlessly.
Estimate your monthly car loan payments based on loan amount, interest rate, and loan term.
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.