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Free auto loan calculator to determine the monthly payment and total cost of an auto loan, while accounting for sales tax, fees, trade-in value, and more.
Our free car loan calculator generates a monthly payment amount and total loan cost based on vehicle price, interest rate, down payment and more.
Our auto loan payment calculator can help estimate the monthly payments for your next vehicle. Enter the details about your down payment, the cost of the car, the loan term, and more.
Our car finance calculator uses the following formula to calculate the monthly payment: Monthly payment = (loan amount) × (interest rate / 12) / (1 − (1 + (interest rate / 12)) ^ (-loan term)). The interest rate is given for a period of one year.
Calculate your monthly car payment with car price, down payment and trade-in value factored into the car loan calculation. Enter your loan term and interest rate to find the loan amount you will need with deductions and sales tax included.
Calculate your monthly car payment estimate on a used car loan or a new car loan and find a great deal on a vehicle near you. To see the average interest rate in your state, visit our...
Our car loan calculator will calculate your monthly interest repayment over several years then compare them to a separate monthly repayment period, which you can choose. Car Loan Formula. The Car Loan Calculator uses the following basic formula: Monthly Car Loan Payment = { Rate + Rate / [(1 + Rate) months-1] } x Principal Car Loan Amount. Where:
Monthly Payment = (P x i) / (1 - 1 / (1 + i)^ n), where P = car loan amount i = monthly interest rate in decimal n = number of months to pay off the loan. Let's calculate the monthly payment for a car loan of $15,000 with a 5% interest rate and a 5-year term.
Car loan calculator to calculate your monthly car payment. Enter amount of the loan, how many months or years to pay off the loan, and interest rate. Your monthly payment amount is split into two parts, principal and interest.
Use our free auto loan interest calculator to see what your monthly payment might look like—and the total interest cost you would pay over the life of the loan.