Calculate your car payment and vehicle financing options
Calculating your payment...
Our auto loan calculator helps you estimate your monthly car payments and understand the total cost of vehicle financing. Whether you're buying a new or used car, this tool provides accurate payment calculations based on your loan terms.
The total cost of the car before any deductions or additions.
The amount you pay upfront, reducing your loan amount.
The value of your current vehicle that will be applied to your new purchase.
The tax rate applied to your vehicle purchase, varies by state and locality.
Interest rates vary based on credit score, loan term, and lender. As of 2025, average rates range from 3% to 15%, with excellent credit qualifying for the lowest rates.
Financial experts recommend putting down at least 20% of the vehicle's value to avoid being upside down on your loan and to reduce monthly payments.
The interest rate is the cost of borrowing the money, while APR includes both the interest rate and additional fees, giving you the true cost of the loan.
Shorter terms have higher monthly payments but lower total interest. Longer terms have lower monthly payments but higher total costs over time.