Auto Loan Calculator

Calculate your monthly car payment.

Financing a car can feel like a maze of rates and terms. Our auto loan calculator shows you the real monthly payment for any car loan based on the vehicle price, down payment, interest rate, and loan term. Compare 36-, 48-, 60-, or 72-month financing to see the trade-off between lower payments and more total interest. You can also see how a bigger down payment shrinks your bill every month. Whether you are buying new or used, this free tool helps you walk into the dealership with confidence.

Calculate Your Auto Loan

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How to Use the Auto Loan Calculator

Our free auto loan calculator helps you estimate monthly car payments before visiting the dealership. Enter the vehicle price, down payment, annual interest rate, and choose a loan term (36 to 84 months). The calculator shows your monthly payment, total cost, and total interest paid.

Example Calculations

  • $35,000 car with $5,000 down at 6% for 60 months: Loan amount = $30,000. Monthly payment = $580. Total paid = $34,798. Total interest = $4,798.
  • $25,000 car with $5,000 down at 5% for 36 months: Loan amount = $20,000. Monthly payment = $599. Total paid = $21,578. Total interest = $1,578. Higher payment but much less interest.
  • $40,000 car with $8,000 down at 7% for 72 months: Loan amount = $32,000. Monthly payment = $545. Total paid = $39,247. Total interest = $7,247. Longer term reduces the payment but adds thousands in interest.

Frequently Asked Questions

How is my car payment calculated?
Your car payment is calculated using the loan amount (vehicle price minus down payment and trade-in), the interest rate, and the loan term. The formula spreads the loan plus interest evenly across all monthly payments.

What credit score do I need for the best auto loan rates?
A credit score of 720+ typically qualifies for the lowest auto loan rates (3-7% in 2026). Scores between 680-719 get moderate rates, while scores below 600 may face higher rates (10-15%+) or require a co-signer.

Should I choose a 36, 48, or 60 month car loan?
Shorter terms (36 months) have higher monthly payments but lower total interest — you own the car sooner. Longer terms (60-72 months) have lower payments but cost significantly more in total interest over the life of the loan.

What is a good interest rate for an auto loan?
Auto loan rates vary based on credit score. In 2026, rates typically range from 3-7% for excellent credit to 10-15% for lower credit scores. Shopping around and negotiating can help you secure a better rate.

Can I get a car loan with bad credit?
Yes, but you'll likely face higher interest rates. Some lenders specialize in bad credit auto loans. A larger down payment, a shorter loan term, or a co-signer with good credit can help you qualify for better terms.

Also check our Loan Calculator, Mortgage Calculator, and other tools.