Estimate your monthly auto loan payments considering the vehicle price, down payment, and trade-in value.
Auto Loan Calculator
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How to Use This Calculator
Enter the vehicle price, your down payment, trade-in value, loan term in months, and interest rate.
Frequently Asked Questions
Does trade-in value reduce my loan?
Yes, your trade-in value acts similarly to a down payment, reducing the total amount you need to borrow.
Does the Auto Loan Calculator include sales tax?
You must include your local sales tax in the total vehicle price before using the Auto Loan Calculator to get an accurate payment.
Can the Auto Loan Calculator handle trade-ins?
Yes! Simply subtract your trade-in value from the purchase price before putting the amount into the Auto Loan Calculator.
Why does the Auto Loan Calculator show so much interest?
Cars depreciate while you pay interest. The Auto Loan Calculator reveals the true cost of stretching a loan out to 72 or 84 months.
Is the Auto Loan Calculator accurate for leasing?
No, leasing uses a money factor and residual value. Use our dedicated Lease vs Buy Calculator instead of the standard Auto Loan Calculator.