Auto Loan Calculator
Don't overpay for that car. Calculate true cost including interest and see what you can actually afford.
Car Details
Loan Terms
Total Cost Breakdown
How this Auto Loan Calculator works
This tool calculates your monthly auto loan payment based on the vehicle price, your down payment, trade-in value, interest rate, and loan term. It helps you see the total cost of the car including the interest paid over the life of the loan.
Why this matters for your wealth
Cars are depreciating assets that often keep people trapped in payments. Extending a car loan to 72 or 84 months lowers the monthly payment but drastically increases the total interest you pay. Use this calculator to ensure you aren't buying more car than you can afford.
Frequently Asked Questions
How much down payment should I put on a car?
20% is the recommended standard. This prevents you from being 'underwater' (owing more than the car is worth) as soon as you drive it off the lot.
What is a good auto loan rate?
Rates vary by credit score and whether the car is new or used. New car rates are generally lower. Always check with a credit union before financing through a dealership.