Car Loan Calculator

Calculate your auto loan payments, compare different loan terms, and see the total cost of financing your vehicle.

Vehicle Details

Vehicle Price ($)

Down Payment ($)

Trade-in Value ($)

Sales Tax Rate (%)

Additional Fees ($)

Loan Terms

Interest Rate (%)

Loan Term (months)

Cost Breakdown

Vehicle Price:$0

Sales Tax (8.5%):$0.00

Total Cost:$0

Down Payment:-$0

Loan Amount:$0

Loan Results

Monthly Payment

$0.00

60 months

Total Interest

Total Paid

Payoff Date

November 2030

Loan Amount:$0

Interest Rate:5.5% APR

Loan Term:60 months (5.0 years)

Monthly Payment:$0.00

Interest as % of loan:NaN%

Auto Loan Guide

How Car Loans Work

Auto loans are secured loans where the vehicle serves as collateral. This typically means lower interest rates compared to unsecured loans.

Loan Term Considerations

Shorter terms (36-48 months) mean higher monthly payments but less total interest. Longer terms (60-72 months) reduce monthly payments but increase total cost.

Trade-In vs Private Sale

Trading in your current vehicle is convenient but may offer less value than selling privately. Use our calculator to see how trade-in value affects your financing.