Auto Loan Calculator
See your monthly car payment and how much interest you'll really pay over the life of the loan.
Loan details
Enter your numbers
Reduces the price and the taxable amount
Varies by state, often financed into the loan
Common terms: 36, 48, 60, 72 months
Extra principal each month pays the loan off sooner and saves interest
Your payment
Estimated monthly cost
Monthly payment
$646
Amount financed
Total interest
$6,131
Total Cost (loan + interest)
$38,731
Where your money goes
Loan principal vs. interest over the full term
Interest is 16% of everything you'll pay.
Tips for a smarter car loan
A longer loan term lowers your monthly payment but dramatically increases the total interest you pay, on an asset that's losing value the whole time. Where possible, aim for the shortest term you can comfortably afford, put at least 20% down, and shop around for financing before visiting the dealer. Even a 1-2% lower APR can save thousands over the life of the loan.
Monthly payment
$646
Total interest
$6,131