Car Loan Calculator
Calculate your monthly car payment with our free car loan calculator. Estimate financing costs, compare loan terms, and plan your budget.
How to Use the Calculator
Enter your vehicle price, down payment, trade-in value, interest rate, and loan term to estimate your monthly car payment. The calculator shows your monthly payment, total interest paid, and total cost of the loan.
Example Calculation
- Vehicle Price: $45,000
- Down Payment: $5,000
- Trade-In: $10,000
- Interest Rate: 6.5% APR
- Loan Term: 60 months
- Monthly Payment: ~$587
Tips for Lower Payments
- Increase your down payment to reduce the principal
- Shop for better rates — credit unions often offer competitive rates
- Consider shorter loan terms for less total interest
- Improve your credit score before applying
- Consider manufacturer financing promotions