Auto Loan Calculator
Quick answer: Enter vehicle price, down payment, interest rate, and loan term to calculate monthly car payment.
Calculate your exact monthly auto loan payment, total interest paid, and true cost of vehicle ownership. Factors in down payment, trade-in value, sales tax, and loan term.
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Last reviewed: April 2026Report an error
Monthly Payment
$594.04
Loan amount: $30,000.00. Monthly: $594.04 × 60 months = $35,642.16 total ($5,642.16 interest).
Loan Amount
$30,000.00
Monthly Payment
$594.04
Total Paid
$35,642.16
Total Interest
$5,642.16
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How to Use This Auto Loan Calculator
- 1Enter the vehicle price.
- 2Enter your down payment.
- 3Enter trade-in value (if any).
- 4Enter the loan term in months and annual interest rate.
- 5Optionally enter sales tax rate.
- 6Read monthly payment, total interest, and effective vehicle cost.
Frequently Asked Questions
- In 2026, average new car loan rates are around 6–8% for good credit. Used car rates are typically 1–2% higher. Credit unions often offer lower rates than dealerships.
- A larger down payment lowers your monthly payment, reduces total interest paid, and helps avoid being "underwater" (owing more than the car is worth).
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