Auto Loan Calculator — Estimate Monthly Car Loan Payments

Free online Auto Loan Calculator. Calculate your monthly car payments, total interest paid, and amortization schedule instantly.

🚗 Auto Loan Calculator

Vehicle Price ($)

Down Payment ($)

Interest Rate (%)

Loan Term (Months) 36 Months (3 Years) 48 Months (4 Years) 60 Months (5 Years) 72 Months (6 Years)

Monthly Payment

Total Interest

Total Cost (Principal + Interest)

💡 Pro Tip

Make a down payment of at least 20% on a new car, or 10% on a used car. This helps prevent you from becoming 'upside down' on your loan, where you owe more than the car is worth.

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• Auto Loan Calculator
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Frequently Asked Questions

Q: How is a car loan payment calculated?

Monthly payment is calculated using the formula: P * [r(1+r)^n] / [(1+r)^n - 1], where P is the loan principal, r is the monthly interest rate, and n is the total number of monthly payments.

Q: What is a good auto loan interest rate?

A good auto loan interest rate is typically between 3% and 6% for buyers with excellent credit. Rates can be 10% to 20%+ for subprime buyers.

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