Car Loan Calculator

Calculate your monthly car payments, total interest, and loan affordability. Compare different loan terms and see how down payments affect your monthly budget.

Vehicle & Loan Details

Vehicle Price ($)

Down Payment ($)

Annual Interest Rate (%)

Loan Term

Include Trade-in Vehicle

Additional Costs

Sales Tax (%)

Title & Registration Fees ($)

Extended Warranty ($)

Gap Insurance ($)

Other Add-ons ($)

Car Loan Tips

Keep total monthly car expenses (payment + insurance + gas) under 20% of income

A larger down payment reduces monthly payments and total interest paid

Shorter loan terms mean higher monthly payments but less total interest

Shop around for the best interest rates - even 1% can save thousands

Consider certified pre-owned vehicles for better value and lower depreciation

Factor in maintenance, insurance, and fuel costs when budgeting