Car Loan Calculator
See what a new or used car will really cost each month. Include your down payment, trade-in and sales tax to get the payment and the total interest.
How it works
- 1
Enter the price
Vehicle price, down payment and trade-in value.
- 2
Add tax, rate and term
Sales tax, annual interest rate and number of months.
- 3
Compare offers
Monthly payment, amount financed and total interest update instantly.
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Frequently asked questions
It lowers the payment but you pay more interest and may owe more than the car is worth for longer.
What affects your car payment
The amount financed is the price plus sales tax, minus your down payment and trade-in. It is then repaid in equal monthly payments that include interest. Longer terms such as 72 or 84 months lower the payment but raise the total interest considerably.
Dealer fees, registration and insurance are not included. Compare the total cost, not just the monthly payment, and check whether a lower rate from a bank or credit union beats the dealer’s offer. This is not financial advice.