Car Loan Calculator
Estimate your monthly car payment from the price, down payment, trade-in, sales tax, APR and term. See total interest and the payment schedule. Free.
- Amount financed
- $30,000.00
- Total interest
- $5,219.07
- Total of all payments
- $35,219.07
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $5,248.34 | $1,795.47 | $24,751.66 |
| 2 | $5,599.83 | $1,443.98 | $19,151.83 |
| 3 | $5,974.86 | $1,068.95 | $13,176.97 |
| 4 | $6,375.01 | $668.80 | $6,801.96 |
| 5 | $6,801.96 | $241.86 | $0.00 |
What you'll really pay for the car
The amount you finance is the car's price minus your down payment and trade-in, plus sales tax if you roll it into the loan. In most US states, sales tax is charged on the price after the trade-in, which this calculator does. Auto loans usually run 36 to 72 months: longer terms lower the payment but add interest, and leave you owing more than the car is worth for longer. Compare the total of all payments, not just the monthly figure.
How to use it
- 1
Enter the price and down payment
Add your trade-in value and sales tax rate if they apply.
- 2
Add the APR and term
The loan's APR and length, such as 5 years (60 months).
- 3
Review the payment
See the monthly payment, total interest and schedule.
Frequently asked questions
How much should I put down on a car?
Around 20% for a new car and 10% for a used one keeps you from owing more than the car is worth as it depreciates.
Is a 72-month car loan a good idea?
It lowers the payment but usually comes with a higher rate and much more interest. If you need 72 months to afford it, consider a cheaper car.
What's a good APR for a car loan?
It depends on your credit score and the market. Check offers from your bank or credit union before going to the dealer, and enter each APR here to compare.
Is anything sent to a server?
No. Everything is calculated in your browser, and nothing you type is stored or sent anywhere.