Auto Loan Calculator
Calculate monthly car payments, total interest, and compare auto loan options
Vehicle & Loan Details
Payment Summary
Enter your vehicle and loan details to see payment calculations.
Auto Loan Tips & Information
Getting the Best Auto Loan:
- • Shop around with multiple lenders (banks, credit unions, dealers)
- • Check your credit score before applying
- • Consider pre-approval to know your budget
- • Negotiate the vehicle price separately from financing
- • Consider shorter loan terms to save on interest
- • Make a larger down payment to reduce monthly payments
Loan Term Considerations:
- • Shorter terms (2-4 years): Higher monthly payments, less total interest
- • Longer terms (5-8 years): Lower monthly payments, more total interest
- • Consider the vehicle's depreciation vs. loan balance
- • Avoid being "upside down" on your loan
- • Factor in maintenance costs for older vehicles
Additional Costs to Consider:
- • Auto insurance premiums
- • Registration and licensing fees
- • Extended warranties
- • Gap insurance
- • Maintenance and repairs
- • Fuel costs
- • Parking and tolls
- • Vehicle depreciation