Auto Loan Calculator Tool Use Free (2022)

Auto Loan Calculator: With Auto Car Loan Calculator you can estimate monthly payment. Use the reverse car loan calculator to see what a payment is buying. So that your car loan calculator can be done.


Auto Loan Calculator
Enter a "0" (zero) for one unknown value above.

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Auto Loan Calculator

Auto Loan Calculator

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Our auto loan calculator helps you estimate what your monthly car loan payment will be. You can choose the average interest rate by credit score or fill in a rate of your own. You can input the price of the car, the amount of the down payment, and the term of the loan to see how the following loan details will affect variations:

  • The amount of your monthly car loan payment (minus tax and fees)
  • The total interest amount you will pay
  • Your total cost over the life of the loan (car price and interest)

For example, you might think that you can carry a $ 20,000 loan on a new car.

For most creditworthy borrowers a 48-month loan will be 3% or less. At that rate, you would pay about $ 440 per month and 1,250 in interest on the lifetime of the loan. A subprime rate can be 11%, with payments of around 515 – and you want to pay interest over $ 4,500.

Many extend the term of the loan and reduce the payment. If you change the term to 60 months, the repayment of that $ 20,000 loan will drop from $ 515 to $ 435 at 11%. However, you will have to pay about $ 6,100 in interest, or an additional 1,600 in interest to do this.

Best auto loan rates in October 2022

2.49% to 11.89% (with autopay)
24 to 84 months
$5,000 to $100,000
Bank of America
Starting at 2.59%
48 to 72 months
Starting at $7,500
Capital One
Not specified
Not specified
Starting at $4,000
Not specified
36 to 72 months
Not specified
Starting at 2.49%
24 to 72 months
Starting at $8,000

Best auto loan lenders in 2022

How To Use Car Loan Calculator

Here is a guide to the information you will need to input into a car loan payment calculator.

Car Price: In this case, enter the price you think you will pay for the car. To estimate the price of a new car, you can start with the price of the car sticker (also called MSRP). Subtract any savings from dealer negotiations or manufacturer rebates. Then add the cost of options and the “destination fee” charged for the new car.

For used cars, estimating the sale price is a little complicated. You can start with the price asked by the seller, but you may be able to negotiate it less. To get an idea of ​​fair prices, use the online price guide or see local online classified ads for comparable cars.

Interest rates: There are many ways you can set interest rates. At the top of the calculator, you can select your credit score in the drop down to see the average car loan rate. You can also check online lenders for rates. If you are pre-qualified or pre-approved for a loan, enter the rate you are paid.


Trade-in and down payment: Enter the amount of cash you are keeping for the new car, along with the trade-in value of your existing car, if any. You can use online sites to help with evaluation and pricing. When using a price guide, make sure you check the trade-in price and not the retail cost (the price at which the dealer sells the car). You can get cash purchase offers from your local CarMax as a baseline, or online from services like Vroom or Carvana.

Number of months: Enter the term of the loan (the period for repaying the loan to you). Car loans in 12-month increments, general terms 24, 36, 48 and 60 months. The longer your term, the more interest you will pay as a whole.

Here are some additional tips on using a car loan calculator

In addition to looking at the results of monthly car payments, be sure to consider how much you will spend on a car loan. If you use a calculator to compare loans, low payments can be attractive, but can result in much higher interest and overall costs.

Be aware that the calculator may incur your costs on top of the total paid results, as it does not reflect state and local taxes, dealer documentation fees (which may vary greatly) and registration fees. You can search online or call the dealership and ask for an estimate of these costs in your area.

Auto car loan calculator is a tool that does more than just show you a monthly car loan payment. Try comparing lender offers and using different interest rates and loan terms. The knowledge you gain can help you negotiate with lenders and dealers and ultimately choose the best auto loan for your financial situation.

Reverse automatic loan calculator 2022


If you know what you can afford each month, a reverse automated loan calculator can tell you how much you can borrow to translate the total. Of course, there are variables: the length of the loan and the interest rate that you will get.

Below you can see how the amount of your loan changes by moving the sliders for payment and loan term. We have provided the average rate according to the credit level determined by Experian Automotive.


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