Auto Loan Calculator -

Auto Loan Calculator

Calculate your monthly car loan payment based on vehicle price, down payment, trade-in value, and interest rate.

Vehicle Price ($)

Down Payment ($)

Trade-in Value ($)

Annual Interest Rate (%)

Loan Term (Months)

Sales Tax Rate (%)

Related Loan Calculators

Key Terms in Auto Loans

Vehicle Price: The sticker price of the car before any fees or taxes.
Down Payment: The cash you pay upfront. A larger down payment reduces your loan amount.
Trade-in Value: The value of the car you are trading in, which is subtracted from the price of the new car.
Sales Tax: The tax applied to the vehicle's price (after trade-in value is deducted). This tax is usually financed as part of the loan.

Frequently Asked Questions (FAQ)

Does a shorter loan term save money?

Yes. A shorter loan term (e.g., 48 or 60 months) will have a higher monthly payment, but you will pay significantly less in total interest compared to a longer term (e.g., 72 or 84 months).

What is a good credit score for an auto loan?

Generally, a credit score of 660 or higher is considered "prime" and will qualify you for good interest rates. A score above 780 is considered "super-prime" and can get you the best rates available.