Finance
Auto Loan Calculator
Know exactly what that car will cost. Factor in your trade-in, down payment, APR, and loan term to see the true monthly payment.
Monthly Payment
$528.29
Total Interest
$4,697.16
Total Cost
$39,697.16
Loan Amount
$27,000.00
Total Paid
$31,697.16
Term
60 mo (5 yr)
Frequently asked questions
What's a good APR for a car loan?
Rates vary by credit score, lender, and market conditions. As of 2025, good credit (740+) might get 4-7% for new cars and 5-9% for used cars. Check with multiple lenders — banks, credit unions, and dealer financing — to find the best rate.
Should I choose a longer loan term?
Longer terms (72-84 months) lower your monthly payment but cost more in total interest. Shorter terms (36-48 months) save money on interest but require higher payments. A good rule: don't finance a car for longer than you plan to keep it.
How much should I put down?
20% is ideal for a new car. This prevents being 'upside down' (owing more than the car is worth). With good credit, some lenders offer 0% down, but you'll pay more in interest and may need gap insurance.
Does this include taxes and fees?
No — this calculator shows the loan math on the purchase price minus trade-in and down payment. Add sales tax, registration, and dealer fees to the vehicle price for a more accurate estimate.
Calculate your monthly car payment with our free auto loan calculator. Enter the vehicle price, trade-in value, down payment, APR, and loan term to see your estimated monthly payment, total interest, and total cost.
Whether you're buying new or used, this tool helps you understand the true cost of financing a vehicle. Compare different down payments and loan terms to find a payment that fits your budget.