Auto Loan Calculator
Calculate your monthly payment and total cost.
14% of vehicle price
Your credit score significantly affects the interest rate you'll qualify for.
Compare Loan Terms
| Term | Monthly Payment | Total Interest | Total Cost |
|---|---|---|---|
| 36 months | $939 | $3,793 | $33,793 |
| 48 months | $731 | $5,087 | $35,087 |
| 60 monthsSelected | $607 | $6,411 | $36,411 |
| 72 months | $525 | $7,766 | $37,766 |
| 84 months | $466 | $9,152 | $39,152 |
How Auto Loan Calculations Work
Interest Rate (APR)
Your APR depends on your credit score, loan term, and whether the car is new or used. Excellent credit (750+) typically qualifies for rates 5-7%, while fair credit (650-699) may see rates of 10-15%.
Down Payment
A larger down payment reduces your loan amount and monthly payment. Most lenders recommend putting down at least 10-20% to avoid being underwater on your loan.
Loan Term
Longer terms mean lower monthly payments but more interest paid overall. A 72-month loan may cost thousands more in interest compared to a 48-month loan.
Total Interest
This is the extra amount you pay beyond the vehicle price. Minimizing interest means choosing shorter terms, making larger down payments, or improving your credit score.
Get your own Sidekick
Watch over all your car costs for you. Track your loan, monitor your equity, and find refinance opportunities.
Get Started FreeNo credit card required. Takes 30 seconds.