Auto Loan Calculator
Estimate auto loan payments based on vehicle price, down payment, trade-in value, APR, and term.
Amount financed (est.): $23,000.00
- Estimated Monthly Payment
- $450.02
- Total Interest
- $4,001.28
- Total Cost (P+I)
- $27,001.28
Calculator results are estimates and are provided for informational purposes only. Actual loan terms, rates, payments, fees, and approval requirements may vary by provider and applicant.
How the formula works
Amount financed = vehicle price minus down payment minus trade-in value.
Payments are calculated on the financed amount using the same amortization formula as other installment loans.
Illustrative Example
$28,000 vehicle, $3,000 down, $2,000 trade-in, 6.5% APR, 60 months → about $402.69 estimated monthly payment on $23,000 financed.
How to use this calculator
- Enter vehicle price, down payment, and trade-in value.
- Enter APR and loan term in months.
- Review estimated payment and total interest.
Factors affecting loan payments
- New vs used vehicle pricing
- Taxes and fees (not included here)
- Credit profile and lender programs
- Down payment size
Frequently Asked Questions
- Are taxes and registration included?
- No. This tool focuses on principal and interest on the financed amount. Dealer or state fees may increase what you borrow.