Auto Loan Calculator
Calculate your monthly car payment, total interest, and view a full repayment schedule. Includes sales tax and trade-in value.
Inputs
$
$
Upfront payment amount.
%
Annual interest rate as a percentage.
years
Length of the loan in the specified time unit.
Summary
Monthly Payment
$634.92
Loan Amount$32,450
Total of All Payments$38,095.29
Total Interest Paid$5,645.29
Sales Tax$2,450
Total Cost Breakdown
Repayment Schedule
60 rows| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $634.92 | $459.15 | $175.77 | $31,990.85 |
| 2 | $634.92 | $461.64 | $173.28 | $31,529.21 |
| 3 | $634.92 | $464.14 | $170.78 | $31,065.07 |
| 4 | $634.92 | $466.65 | $168.27 | $30,598.42 |
| 5 | $634.92 | $469.18 | $165.74 | $30,129.24 |
| 6 | $634.92 | $471.72 | $163.2 | $29,657.52 |
| 7 | $634.92 | $474.28 | $160.64 | $29,183.24 |
| 8 | $634.92 | $476.85 | $158.08 | $28,706.4 |
| 9 | $634.92 | $479.43 | $155.49 | $28,226.97 |
| 10 | $634.92 | $482.03 | $152.9 | $27,744.94 |
| 11 | $634.92 | $484.64 | $150.29 | $27,260.31 |
| 12 | $634.92 | $487.26 | $147.66 | $26,773.05 |
How to Use This Calculator
- Enter your starting values to generate a projected timeline or schedule. The calculator will build a period-by-period breakdown so you can see how values change over time.
- Vehicle Price — enter a dollar amount. Use the slider for quick adjustments or type a precise value. Accepts values from $10,000 to $100,000 (default: $35,000).
- Down Payment — Upfront payment amount. Use the slider for quick adjustments or type a precise value. Accepts values from $0 to $30,000 (default: $5,000).
- Interest Rate — Annual interest rate as a percentage. Use the slider for quick adjustments or type a precise value. Accepts values from 0 % to 20 % (default: 6.5 %).
- Loan Term — Length of the loan in the specified time unit. Use the slider for quick adjustments or type a precise value. Accepts values from 2 years to 7 years (default: 5 years).
- Expand "Advanced Options" for additional fine-tuning. These optional inputs let you model more specific scenarios:
- Trade-In Value — Value of your current vehicle as a trade-in. Accepts values from $0 to $200,000 (default: $0).
- Sales Tax Rate — enter a percentage value. Accepts values from 0 % to 15 % (default: 7 %).
- Once all inputs are set, review your results in the Results panel. Here's what each output means:
- Monthly Payment — shown as a dollar amount. This is the primary result of this calculator.
- Loan Amount — shown as a dollar amount.
- Total of All Payments — shown as a dollar amount.
- Total Interest Paid — shown as a dollar amount.
- Sales Tax — shown as a dollar amount.
- View the Total Cost Breakdown below for a visual breakdown of how the numbers relate to each other.
- Check the Repayment Schedule for a detailed row-by-row breakdown. This is useful for spotting trends or finding values at specific points.
- Explore the related calculators below if you need deeper analysis or want to approach this topic from a different angle.
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