Auto Loan Calculator
This free car loan calculator (also called an auto loan calculator) estimates your monthly car payment from vehicle price, down payment, trade-in, interest rate, loan term, and sales tax — so you can estimate a car loan payment before you buy.
How your car payment is calculated
The amount you finance is the vehicle price plus sales tax, minus your down payment and trade-in value. That auto loan balance is paid off with equal monthly payments:
Car loan vs auto loan payment
“Car loan calculator,” “auto loan payment calculator,” and “car payment calculator” all describe the same idea: estimate the monthly payment on a vehicle loan. Use this online auto loan calculator to compare terms (36, 48, 60, 72 months) and see how rate and down payment change your payment.
Tips for a lower payment
A bigger down payment or trade-in reduces the amount financed. Shorter terms save interest but raise the monthly payment; longer terms do the opposite. Compare with our Loan Calculator or Amortization Calculator.
Frequently Asked Questions
How do I estimate my car payment?
Enter the car price, down payment, APR, and loan term. This car loan calculator uses the standard amortization formula to estimate your monthly auto loan payment and total interest.
What is a good auto loan term?
Shorter terms (36–48 months) usually cost less interest; longer terms (60–72+) lower the monthly payment but increase total interest. Compare both with this auto loan payment calculator.
Does sales tax affect my car loan?
Often yes — many buyers finance sales tax into the loan. Include tax in this calculator so your car payment estimate is closer to the financed amount.
Is this the same as a Bank of America car loan calculator?
It uses the same payment math as typical online car loan calculators. Lender quotes may differ based on credit, fees, and exact APR.