Auto Loan Calculator
Estimate monthly car-loan payments.
What the car really costs monthly
An auto loan uses the standard amortized formula: the monthly payment depends on the amount financed, the APR, and the term. Stretching the term lowers the payment but raises total interest paid.
Comparing a 48-month and a 72-month term on the same car shows the trade clearly: the longer loan lowers the monthly payment but adds hundreds or thousands in total interest.
An estimate, not a quote
Taxes, fees, and dealer add-ons change the financed amount, so treat this as a starting figure. The loan details you enter are never uploaded.
Frequently asked questions
How is the financed amount worked out?
Price minus down payment minus trade-in value, entered as three comma-separated numbers. "32000, 4000, 2500" finances $25,500; at 7.2% for 60 months that is $507.34 a month and $4,940.41 in interest.
Does it include sales tax and fees?
No. Add tax, title, registration, and dealer fees to the price if you are rolling them into the loan, since they increase the financed amount and the interest you pay on it.
Is a longer term cheaper?
The monthly payment drops, but total interest rises because you borrow for longer. Compare 60 vs 72 or 84 months with the same APR to see the trade-off in the Interest line.
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