Car loan calculator
Enter the car price, down payment, trade-in, tax, rate and term to see the monthly payment and the total cost.
Monthly payment
How it works
loan = price − trade-in + owed + tax + fees − down paymentpayment = loan × r ÷ (1 − (1 + r)^−n)Frequently asked questions
Is sales tax financed?
In most US states sales tax is added to the price and can be financed with the loan, after the trade-in value is taken off (in most states the trade-in reduces the taxable amount). Untick “tax on the price after trade-in” if your state taxes the full price.
Is a longer loan cheaper?
The monthly payment is lower, but you pay much more interest, and the car loses value faster than you repay, so you can owe more than it is worth for years.
What rate can I get?
It depends on your credit score, the car’s age and the lender. Dealers sometimes offer 0% on new cars; for a used car rates are usually higher.