How to Use the Auto Loan Calculator
Buying a car is a major financial decision. Use this calculator to estimate your monthly payments and total interest costs before you head to the dealership.
Loan Amount
This is the price of the car minus any down payment or trade-in value.
Interest Rate
The annual percentage rate (APR) charged by the lender.
Loan Term
The number of years you have to repay the loan. Common terms are 3, 4, 5, or 6 years.