Auto Loan Calculator
Calculate your monthly car payments, total interest, and see the full amortization schedule
Vehicle & Loan Details
$
$
$
0%
14%
50%
Monthly Payment
$0.00
Total Interest
$0.00
Total Loan Amount
$0.00
Total Cost (Vehicle + Interest)
$0.00
Down Payment
$0
Sales Tax
$0
Loan Principal
$0
Payoff Date
—
Amortization Schedule
| Payment # | Payment Amount | Principal | Interest | Remaining Balance |
|---|---|---|---|---|
| Enter vehicle details and click Calculate | ||||
How Auto Loan Calculations Work
Your monthly payment is calculated based on the loan principal (vehicle price - down payment - trade-in + sales tax), interest rate, and loan term.
Formula:
Payment = Principal × (r(1+r)^n) / ((1+r)^n - 1)
Where r = periodic interest rate, n = total number of payments.
Smart Tips for Auto Loans
- A larger down payment reduces monthly payments and total interest
- Shorter loan terms mean higher payments but much less interest
- Bi-weekly payments can save hundreds in interest over the loan term
- Always compare APR from multiple lenders before committing
- Consider total cost, not just monthly payment when budgeting