How to use this calculator
Use the auto loan calculator to estimate the monthly payment for a new or used vehicle. The calculator includes vehicle price, down payment, trade-in value, sales tax, interest rate, and loan term. It can help you compare a lower price, a larger down payment, or a shorter loan term before visiting a dealership.
Example estimates
A $32,000 car with $4,000 down, $2,000 trade-in value, 7% sales tax, and 6.9% APR for 60 months has an estimated payment near $536 per month.
A 72-month term lowers the payment but may increase total interest and the risk of owing more than the car is worth.
Frequently asked questions
Should I choose a longer auto loan term?
A longer term can lower the monthly payment, but it often increases total interest. Compare both the payment and the total cost.
Does this include registration or dealer fees?
No. Add those fees to the vehicle price if you want them included in the financed amount.