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If only the monthly payment for any auto loan is given, use the Monthly Payments tab (reverse auto loan) to calculate the actual vehicle purchase price and other auto loan information. Most people turn to auto loans during a vehicle purchase.
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.
The formula will tell you how much each payment will be. The information you need is the amount of the loan, the interest rate per month and the total number of months that you will make a payment. Use the formula = ((+)) / ((+)). A = the monthly payment. P = the principal
Our car loan calculator estimates a monthly car payment and total loan cost based on vehicle price, interest rate and loan length.
How Can I Calculate My Car Payment? Our loan calculator shows how much a loan will cost you each month and how much interest you will pay overall.
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.
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.