Auto Loan Calculator
Calculate your monthly car payment, total interest, and true cost of vehicle financing.
Vehicle & Loan Details
Results
Monthly payment
$635.62
for 60 months
Loan amount
$32,100.00
Total interest
$6,037.11
Total cost
$38,137.11
How to Use the Auto Loan Calculator
This auto loan calculator estimates your monthly car payment based on vehicle price, down payment, trade-in value, interest rate, loan term, and sales tax. It helps you compare loan options before visiting a dealership so you negotiate from a position of knowledge.
Loan Term vs. Total Cost
A 60-month loan on a $30,000 vehicle at 7% results in a monthly payment of about $594 and total interest of $5,640. Extending to 84 months drops the payment to $452/month but increases total interest to $7,968. The extra $2,328 buys you a lower monthly payment — decide if that trade-off makes sense for your budget.
The True Cost of a Car
Your monthly payment is just one piece. Factor in insurance, fuel, maintenance, registration, and depreciation to understand the full cost of ownership. A more affordable vehicle may free up hundreds per month for savings, investment, or debt payoff.