Loan

Auto Loan Calculator

Calculate your monthly car payment and total loan cost

Monthly PaymentTotal CostAmortization

Disclaimer

This calculator is for educational purposes only. Results are estimates based on your inputs. Consult a qualified financial advisor for personalized advice. Read full disclaimer

Enter Loan Details

Car Price ($)

Down Payment ($)

Trade-In Value ($)

Interest Rate (%)

Loan Term (Years)

Auto Loan Payment Formula

Calculate monthly payment for car financing

P = \frac{r \times PV}{1 - (1 + r)^{-n}}

Where:

P

Monthly payment

PV

Loan amount (price - down payment - trade-in)

r

Monthly interest rate

n

Number of months

Example:

$25,000 loan at 6% for 5 years = $483/month

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