Car loan calculator

How to use it

Enter the amount you will finance, which is the price minus any down payment and trade-in, plus the interest rate and the number of months. For example, a $30,000 loan at 7% over 60 months costs about $594 a month.

Watch the total cost

• Sales tax, registration and dealer fees may be added to the amount financed.
• Long terms lower the payment but raise total interest, and can leave you owing more than the car is worth.
• Rates differ for new and used cars and by credit profile, so compare offers.

Common questions

How much should I put down?

A larger down payment lowers the amount financed and the interest. The right amount depends on your budget.

Is this a loan offer?

No. It is an estimate based on a fixed rate and equal payments.

More free tools