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Auto Loan Calculator
Find the monthly payment and total cost of financing a new or used vehicle, after your down payment and trade-in.
Your numbers
$
$
$
%
mo
Monthly payment
$0
Estimated car payment per month
Amount financed$0
Total interest$0
Total cost$0
How the auto loan calculator works
An auto loan finances the vehicle price minus your down payment and any trade-in value. The remaining amount is repaid in equal monthly payments over the term you choose, typically 36 to 72 months.
M = P · r / (1 − (1 + r)⁻ⁿ) where P = price − down payment − trade-in
Frequently asked questions
Should I use months or years?+
Auto loans are usually quoted in months. This calculator uses months for the term — 60 months equals 5 years.
Does a bigger down payment help?+
Yes. A larger down payment or trade-in lowers the amount financed, reducing both the monthly payment and total interest.