Estimate your monthly car payment based on the vehicle price, down payment or trade-in, rate, and loan term.
Enter Your Details
Your Auto Loan Payment
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Amount Financed—
Total Interest—
Formula
Amount Financed = Vehicle Price minus Down Payment and Trade-In. Payment uses the standard loan amortization formula.
Example
A $32,000 vehicle with $4,000 down leaves a $28,000 loan. At 7.5% over 60 months, the payment is about $561/month, with roughly $5,660 in total interest.
Not tax or financial advice. This calculator provides general estimates based on published 2026 figures. Always confirm important figures with the IRS, SSA, your state tax agency, a licensed lender, or a qualified professional.
Frequently Asked Questions
Does a longer loan term save money?
A longer term lowers the monthly payment but increases total interest paid, and can also lead to owing more than the car is worth for longer.
Should I include tax and fees in the loan amount?
Many buyers finance sales tax, title, and registration fees along with the vehicle price. Add those to the vehicle price field if you plan to finance them.