Car loan calculator
Enter the price of the car and see what you would pay each month. Change the down payment, term and rate until the payment works for you.
Term
Example rate, change it to the one you are offered.
Your payment will show up here
Enter the price of the car to calculate it.
This is a rough calculation, not a loan offer.
See cars for saleHow your payment is calculated
- The down payment is subtracted from the price of the car: that is what you finance.
- The annual rate is divided by 12 to get the rate for each month.
- With the term you get a fixed payment: the same every month until it is paid off. Early on you pay more interest, and later more principal.
Frequently asked questions
What rate should I enter?
The annual percentage you are offered. The one shown when the calculator opens is only an example so you can see a complete calculation.
How much should I put down?
The more you put down, the less you finance and the less interest you pay. The calculator starts at 20% of the price as an example: change it to what you can afford.
Does the payment include insurance and fees?
No. It only covers the amount financed and its interest. Add insurance, registration and any fees you are charged on top.
Do I need to sign up to use it?
No. It is free and works without an account.