Car Loan Calculator: The Complete Guide
Estimate your monthly car payment before you head to the dealership. Enter the amount you're financing, the interest rate, and the loan term to see the monthly payment and the total interest on your auto loan.
Who the Car Loan Calculator is for
Car buyers comparing financing offers, choosing a loan term, or checking how the down payment changes the monthly cost.
How to use the Car Loan Calculator
- Type your values into the fields above — pick your currency or units where the calculator offers them.
- Results update automatically as you type; there's no submit button and nothing is sent to a server.
- Adjust any input to compare scenarios, then copy the result with a single click.
How it works
Finance the vehicle price minus any down payment or trade-in. Monthly payment = P × r ÷ (1 − (1 + r)^−n), where r is the monthly rate and n is the number of months (commonly 36–72).
Features
- Monthly auto-loan payment
- Total interest & cost
- Any currency & term
- Compare 36/48/60/72 months
About car loans
A car loan is a secured, fixed-rate loan repaid monthly, usually over three to seven years. Longer terms lower the monthly payment but increase total interest and the time you owe more than the car is worth. This calculator helps you weigh the monthly cost against the total.