Auto Loan Calculator
Calculate your monthly auto loan payments, total interest, and overall cost. Includes options for down payment, trade-in value, and sales tax calculations.
Auto Loan Calculator
How to Use the Auto Loan Calculator
1. Enter Vehicle Information
Input the total price of the vehicle you want to purchase. This should include any dealer fees or add-ons.
2. Set Your Down Payment
Enter how much you plan to pay upfront. A larger down payment reduces your loan amount and monthly payments.
3. Add Trade-in Value
If you're trading in a vehicle, enter its estimated value. This will be subtracted from your total cost.
4. Configure Loan Terms
Set your interest rate and loan term. Longer terms mean lower monthly payments but higher total interest.
5. Adjust Sales Tax
Enter your local sales tax rate to get a more accurate total cost calculation.
Understanding Your Results
Monthly Payment
The amount you'll pay each month for your auto loan, including principal and interest.
Loan Amount
The total amount you're borrowing after accounting for down payment and trade-in value.
Total Interest
The total amount of interest you'll pay over the life of the loan.
Total Payment
The sum of all your monthly payments, showing the true cost of financing the vehicle.