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Auto Loan Calculator

Calculate your monthly car payments and total loan cost. Currently calculating in US Dollar.

Vehicle Details
Enter your vehicle and loan information
(14.3%)
6.5%

Typical range: 4% - 12% depending on credit

60 months

Amount to Finance

$30,000

Monthly Payment

$587

Total Loan Cost

$35,219

Total Interest

$5,219

17.4% of loan

True Cost

$40,219

Vehicle + Interest

Cost Breakdown
How your total purchase is structured
Financed
Interest
Upfront
Balance Over Time
Remaining loan balance by year
Payment Schedule
Year-by-year breakdown of your auto loan payments
YearPrincipalInterestRemaining
1$5,248$1,795$24,752
2$5,600$1,444$19,152
3$5,975$1,069$13,177
4$6,375$669$6,802
5$6,802$242$0
Tips for Better Auto Financing
  • A 20% down payment helps avoid being "upside down" on your loan
  • Shorter loan terms mean less interest paid overall
  • Check your credit score before applying for the best rates
  • Compare offers from banks, credit unions, and dealerships