Auto Loan Calculator
Estimate a vehicle loan payment and total financing cost.
How do I work out a car loan payment?
A car loan payment is worked out like any fixed-rate loan, from the amount left to finance after any deposit and trade-in, the rate and the term.
Formula: Amount financed = price + estimated tax + fees − down payment − trade-in. The monthly payment uses fixed-loan amortization.
Monthly payment
$637.02
- Amount financed
- $32,950.00
- Base payment
- $637.02
- Total interest
- $5,270.95
- Total repayment
- $38,220.95
- Payoff time
- 60 months
- Estimated total vehicle cost
- $43,220.95
Balance over time
| Payment | Amount | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $637.02 | $472.27 | $164.75 | $32,477.73 |
| 2 | $637.02 | $474.63 | $162.39 | $32,003.11 |
| 3 | $637.02 | $477.00 | $160.02 | $31,526.11 |
| 4 | $637.02 | $479.39 | $157.63 | $31,046.72 |
| 5 | $637.02 | $481.78 | $155.23 | $30,564.94 |
| 6 | $637.02 | $484.19 | $152.82 | $30,080.75 |
| 7 | $637.02 | $486.61 | $150.40 | $29,594.14 |
| 8 | $637.02 | $489.05 | $147.97 | $29,105.09 |
| 9 | $637.02 | $491.49 | $145.53 | $28,613.60 |
| 10 | $637.02 | $493.95 | $143.07 | $28,119.65 |
| 11 | $637.02 | $496.42 | $140.60 | $27,623.24 |
| 12 | $637.02 | $498.90 | $138.12 | $27,124.34 |
| 13 | $637.02 | $501.39 | $135.62 | $26,622.94 |
| 14 | $637.02 | $503.90 | $133.11 | $26,119.04 |
| 15 | $637.02 | $506.42 | $130.60 | $25,612.62 |
| 16 | $637.02 | $508.95 | $128.06 | $25,103.67 |
| 17 | $637.02 | $511.50 | $125.52 | $24,592.17 |
| 18 | $637.02 | $514.05 | $122.96 | $24,078.11 |
| 19 | $637.02 | $516.63 | $120.39 | $23,561.49 |
| 20 | $637.02 | $519.21 | $117.81 | $23,042.28 |
| 21 | $637.02 | $521.80 | $115.21 | $22,520.48 |
| 22 | $637.02 | $524.41 | $112.60 | $21,996.06 |
| 23 | $637.02 | $527.04 | $109.98 | $21,469.03 |
| 24 | $637.02 | $529.67 | $107.35 | $20,939.36 |
| 25 | $637.02 | $532.32 | $104.70 | $20,407.04 |
| 26 | $637.02 | $534.98 | $102.04 | $19,872.06 |
| 27 | $637.02 | $537.66 | $99.36 | $19,334.40 |
| 28 | $637.02 | $540.34 | $96.67 | $18,794.06 |
| 29 | $637.02 | $543.05 | $93.97 | $18,251.01 |
| 30 | $637.02 | $545.76 | $91.26 | $17,705.25 |
| 31 | $637.02 | $548.49 | $88.53 | $17,156.76 |
| 32 | $637.02 | $551.23 | $85.78 | $16,605.53 |
| 33 | $637.02 | $553.99 | $83.03 | $16,051.54 |
| 34 | $637.02 | $556.76 | $80.26 | $15,494.78 |
| 35 | $637.02 | $559.54 | $77.47 | $14,935.24 |
| 36 | $637.02 | $562.34 | $74.68 | $14,372.90 |
| 37 | $637.02 | $565.15 | $71.86 | $13,807.75 |
| 38 | $637.02 | $567.98 | $69.04 | $13,239.77 |
| 39 | $637.02 | $570.82 | $66.20 | $12,668.96 |
| 40 | $637.02 | $573.67 | $63.34 | $12,095.29 |
| 41 | $637.02 | $576.54 | $60.48 | $11,518.75 |
| 42 | $637.02 | $579.42 | $57.59 | $10,939.32 |
| 43 | $637.02 | $582.32 | $54.70 | $10,357.01 |
| 44 | $637.02 | $585.23 | $51.79 | $9,771.77 |
| 45 | $637.02 | $588.16 | $48.86 | $9,183.62 |
| 46 | $637.02 | $591.10 | $45.92 | $8,592.52 |
| 47 | $637.02 | $594.05 | $42.96 | $7,998.47 |
| 48 | $637.02 | $597.02 | $39.99 | $7,401.44 |
| 49 | $637.02 | $600.01 | $37.01 | $6,801.43 |
| 50 | $637.02 | $603.01 | $34.01 | $6,198.43 |
| 51 | $637.02 | $606.02 | $30.99 | $5,592.40 |
| 52 | $637.02 | $609.05 | $27.96 | $4,983.35 |
| 53 | $637.02 | $612.10 | $24.92 | $4,371.25 |
| 54 | $637.02 | $615.16 | $21.86 | $3,756.09 |
| 55 | $637.02 | $618.24 | $18.78 | $3,137.85 |
| 56 | $637.02 | $621.33 | $15.69 | $2,516.53 |
| 57 | $637.02 | $624.43 | $12.58 | $1,892.10 |
| 58 | $637.02 | $627.56 | $9.46 | $1,264.54 |
| 59 | $637.02 | $630.69 | $6.32 | $633.85 |
| 60 | $637.02 | $633.85 | $3.17 | $0.00 |
Results are estimates for informational purposes only and are not financial advice.
What this calculator does
Include vehicle price, trade-in, down payment, sales tax, fees, APR, and term.
Use it to turn Vehicle price, Down payment, Trade-in value, Sales tax rate, and the other shown inputs into a checked result you can compare, copy, or rerun with different assumptions.
The page shows the formula, a numeric worked example, and the assumptions that affect this finance calculation.
Inputs and what they mean
- Vehicle price
- — number value.
- Down payment
- — number value.
- Trade-in value
- — number value.
- Sales tax rate
- — number value.
- Fees
- — number value.
- APR
- — number value.
- Duration
- — number value.
How to use it
- Enter the values for your estimate.
- Adjust the rate, duration, and optional scenario inputs.
- Review the totals, comparison, chart, and schedule where available.
Formula
Amount financed = price + estimated tax + fees − down payment − trade-in. The monthly payment uses fixed-loan amortization.
Inputs used: Vehicle price, Down payment, Trade-in value, Sales tax rate, Fees, APR, Duration.
Edge handling: Vehicle price is required.; Vehicle price cannot be negative.; Vehicle price must be no more than 1000000000000.; Down payment is required.; Down payment cannot be negative..
Worked example
$35,000 vehicle
- Start with Vehicle price: 35000, Down payment: 5000, Trade-in value: 0, Sales tax rate: 7, Fees: 500, APR: 6.
- Apply the method: Amount financed = price + estimated tax + fees − down payment − trade-in. The monthly payment uses fixed-loan amortization.
- Finance after a $5,000 down payment at 6% APR.
Reading the result
The headline figure is the main answer. Any breakdown underneath shows the parts that make it up, so you can check the working and see what changes when you adjust an input.
Limitations and assumptions
- Results are estimates for informational purposes only and are not financial advice.
- Inputs outside the supported range are rejected rather than forced into a result.
- The result depends on the values you enter for this auto loan calculator; it does not supply missing rates, rules, prices, dates, or assumptions for you.
Common questions
How do I work out a car loan payment?
A car loan payment is worked out like any fixed-rate loan, from the amount left to finance after any deposit and trade-in, the rate and the term. Check the formula, example, and limitations on this page before using the result for a real finance decision.
Is sales tax always based on full price?
Rules vary. This estimate applies the entered rate to vehicle price.
Does this include insurance?
No. Vehicle insurance and operating costs are excluded.
How do I use the Auto Loan Calculator?
Enter the required values for Vehicle price, Down payment, Trade-in value, Sales tax rate, Fees, and the other fields shown. The calculator applies the formula on this page and shows the main result with any supporting breakdown so you can check the arithmetic.
What formula does the Auto Loan Calculator use?
Amount financed = price + estimated tax + fees − down payment − trade-in. The monthly payment uses fixed-loan amortization. The visible formula section above lists the calculation path and the edge cases the page handles, so the result can be checked without relying on the form alone.
Can the Auto Loan Calculator be used for exact decisions?
Use it as a calculation aid, not as a substitute for checking the underlying rule, contract, policy, or professional advice that applies to your situation. When a result depends on local rules, personal details, prices, or dates, enter those values yourself and confirm them before acting.
Cite this page
Free Calculator. (n.d.). Auto Loan Calculator. https://freecalculator.tech/tools/auto-loan-calculator
"Auto Loan Calculator." Free Calculator, https://freecalculator.tech/tools/auto-loan-calculator.
Auto Loan Calculator — Free Calculator, https://freecalculator.tech/tools/auto-loan-calculator
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