Auto Loan Calculator - Calculate Your Payments
Use the Auto Loan Calculator to estimate monthly car payments by entering loan amount, interest rate, loan term, and down payment. Understand how these factors affect total cost.
Calculate car loan payments, total interest costs, and view complete amortization schedules with support for multiple currencies.
Auto Loan Summary
Monthly Payment
Total Loan Amount
Total Interest
Total Cost
Payment Schedule
| Payment Date | Payment | Principal | Interest | Balance |
|---|
Understanding Auto Loans
- The larger your down payment, the lower your monthly payments
- Shorter loan terms usually mean higher payments but less total interest
- Your credit score significantly impacts your interest rate
- Trade-in value reduces the amount you need to finance
- Consider total cost, not just monthly payments
Smart Car Buying Tips
- Aim for a 20% down payment to avoid being "underwater" on your loan
- Shop for financing before visiting dealerships
- Consider pre-owned vehicles to avoid heavy depreciation
- Factor in insurance costs to your monthly budget
- Check your credit score before applying for loans
