Our auto loan calculator will help you estimate how much a car will cost you. You can adjust the amount you borrow, your loan term and your interest rate to see how your monthly payment and overall cost change.
Enter your loan amount, loan term and interest rate. The auto loan calculator will estimate your monthly loan payment and total amount of interest charged by the lender.
You can adjust your loan term and interest rate to estimate another monthly car payment.
Even if you don’t know the fees that will come with your auto loan, you can still estimate costs based on these common fees:
Not every fee will be included in your APR. Sales tax, insurance and titling fees are one-time costs when you buy a vehicle, so they won’t impact your monthly payment.
Check with your lender to get a full breakdown of fees that will increase the cost of your auto loan.
For most people, your interest rate will actually be an annual percentage rate (APR). An APR is the total cost of financing your vehicle. If you know the fees your lender or dealership plans on charging you, you’ll know the APR of your loan. You can enter it into the interest rate field to get a more accurate estimate of your potential car payment.
Monthly payments aren’t the most important factor when financing a vehicle. In fact, your monthly payment should only be a small consideration during the car-buying process.
Vehicle cost will influence the total amount you pay for an auto loan. Less expensive vehicles will save money. You can compare new or used options with sources like Edmunds and Kelley Blue Book.
When looking for financing, don’t stick with the dealership. They frequently mark up interest rates to turn a profit — which increases your monthly car payment.
Instead, check with your bank or credit union. Online lenders are another good place to look for a competitive interest rate. They often offer auto loans that cost less than a dealer.
To help you make the right decision, we’ve calculated example auto loans with different loan terms.
| Loan amount | Loan term | Interest rate | Monthly payment | Total cost |
|---|---|---|---|---|
| $15,000 | 5 years | 3.54% | $273.14 | $1,388.70 |
| $20,000 | 5 years | 3.54% | $364.19 | $1,851.60 |
| $40,000 | 5 years | 3.54% | $728.39 | $3,703.19 |
Note that while we use a five-year term for our examples, a loan term of three or four years means you’ll pay less overall in interest — although you will face higher monthly payments.
Auto loans are the most common way to finance a vehicle. With an auto loan calculator, you can get a good idea on the loan payment you can expect based on your credit score.
When you’re ready to get started, you can compare top auto loans and learn about the best car-buying apps on the market.
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