🚗 Auto Loan Calculator

Calculate Your Monthly Car Payment in 30 Seconds

🇺🇸 Free & Instant Results for US Auto Loans • Compare loan terms • View payment breakdown • State-specific tax rates • No signup required

Start Calculating Now →

Default example shows $567/month payment below

Loan Details

Your Monthly Payment

$567.00
Total Loan Amount: $25,050.00
Total Interest: $9,020.00
Total Amount Paid: $40,070.00

Compare Loan Terms

Amortization Schedule

Auto Loan Calculators by State

Get state-specific tax rates and regulations for your auto loan calculation.

California

Tax Rate: 7.25% + Local

Texas

Tax Rate: 6.25% + Local

New York

Tax Rate: 4.0% + Local

Embed This Calculator

Add this auto loan calculator to your website with our easy embed options.

iframe Embed

Simple iframe integration for any website

<iframe src="https://bestautoloancalculator.com/embed/" width="100%" height="600" frameborder="0"></iframe>

JavaScript Widget

Responsive widget that matches your site's style

<script src="https://bestautoloancalculator.com/embed/auto-loan.js"></script> <div data-autoloan-widget data-theme="light"></div>

Frequently Asked Questions

Monthly payments are calculated using the standard loan payment formula: M = P × [r(1+r)ⁿ] / [(1+r)ⁿ-1], where M is the monthly payment, P is the principal loan amount, r is the monthly interest rate (APR/12/100), and n is the number of payments.

APR (Annual Percentage Rate) includes the interest rate plus additional fees and costs associated with the loan, giving you the true cost of borrowing. The interest rate is just the cost of borrowing the principal amount.

Shorter terms (36 months) mean higher monthly payments but less total interest paid. Longer terms (72 months) reduce monthly payments but increase total interest. Choose based on your budget and how long you plan to keep the vehicle.

Higher credit scores typically qualify for lower APRs. Excellent credit (750+) might get rates around 3-5%, while fair credit (580-669) might see rates of 10-15% or higher. Check your credit before shopping for the best rates.

How to Use This Calculator

  1. Enter your vehicle's total price
  2. Add your down payment amount
  3. Include any trade-in value and amount owed
  4. Select your loan term and APR
  5. Add your state's sales tax rate and fees
  6. Review your monthly payment and total costs

Tips for Better Auto Loans

  • Shop around with multiple lenders for the best rates
  • Consider pre-approval to know your budget
  • A larger down payment reduces your monthly payment
  • Shorter loan terms save money on total interest
  • Factor in insurance, maintenance, and fuel costs

Understanding Auto Loan Terms

Principal
The amount you borrow for the vehicle
APR
Annual Percentage Rate including all loan costs
Amortization
How your payments are split between principal and interest
Trade-in Equity
Your trade-in value minus what you still owe