Does this include taxes, title or registration?

No — bake those into the vehicle price if your lender finances them, or treat them as upfront costs if you pay them out of pocket.

What is a good auto-loan term?

60 months is the most common. Going beyond 72 months drops the monthly payment but risks being underwater (owing more than the car is worth) for longer.

Are new and used loan rates the same?

No — used-car APRs are typically 1–3 percentage points higher than new-car APRs because the collateral depreciates faster.

Should I take dealer financing or bank financing?

Always compare. Dealer financing can include manufacturer incentives that beat bank rates, but markup is common. Get a pre-approval from your bank first and use it as leverage.

Auto Loan Calculator

Estimate the monthly payment, total interest and total cost of an auto loan from vehicle price, down payment, rate and term.

Inputs

Vehicle price

USD

Down payment

USD

Interest rate (APR)

Loan term

Currency

Result

Monthly Payment

$500.95

60 payments

Loan Amount$25,000.00

Total Interest$5,056.92

Total Loan Cost$35,056.92

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Formula

Loan = Vehicle price − Down payment. Monthly payment = L × r × (1 + r)^n / ((1 + r)^n − 1), where L is the financed amount, r is the monthly rate and n is the term in months.

How it works

An auto loan calculator estimates your monthly car payment, total interest and total loan cost from the vehicle price, down payment, APR and term.

Example

Example: A $30,000 car with $5,000 down at 7.5% APR for 5 years produces a monthly payment of $500.95, total interest of about $5,057.21 and total loan cost (down + payments) of about $35,057.21.

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Disclaimer: Results are estimates for informational purposes only and should not be considered financial, medical, legal, or professional advice. Always consult a qualified professional before making decisions.