Auto Loan Calculator
Estimate your monthly auto loan payment and the total cost of financing a vehicle. Enter your details in the white box. The orange box updates automatically as you change the numbers.
How the Auto Loan Calculator works
The calculator starts with the vehicle purchase price, adds estimated sales tax and subtracts your down payment and trade-in value to calculate the amount financed.
It then calculates the monthly payment using a standard fixed-rate loan repayment formula. Your monthly payment includes both principal and interest.
A larger down payment reduces the amount borrowed. A shorter loan term usually increases the monthly payment but reduces the total interest paid.
This calculator assumes sales tax applies to the full vehicle price and is included in the loan. Sales tax rules vary by state, including whether a trade-in reduces the taxable amount.
The estimated total vehicle cost includes the purchase price, sales tax and loan interest. It excludes registration, dealer fees, insurance, maintenance and other ownership expenses.
Results are estimates and do not represent a financing offer or guarantee of loan approval.