Car Payment Calculator
Calculate your monthly car payment with our free car payment calculator. Compare financing options for new and used cars, trucks, and SUVs. Get accurate estimates with different loan terms and interest rates.
Car Payment Details
Enter your vehicle price, down payment, trade-in value, interest rate, and loan term to calculate your monthly car payment.
📅 Your loan will be paid off in December 2030
💡 Bi-weekly payments can save you money on interest and pay off your loan faster
Payment Summary
Payment Breakdown
Payment Schedule
| Year | Date | Payment | Principal | Interest | Balance |
|---|---|---|---|---|---|
| 1 | Nov 2026 | $6,574.23 | $4,898.45 | $1,675.77 | $23,101.55 |
| 2 | Nov 2027 | $6,574.23 | $5,226.51 | $1,347.72 | $17,875.04 |
| 3 | Nov 2028 | $6,574.23 | $5,576.54 | $997.69 | $12,298.50 |
| 4 | Nov 2029 | $6,574.23 | $5,950.01 | $624.22 | $6,348.49 |
| 5 | Nov 2030 | $6,574.23 | $6,348.49 | $225.73 | $0.00 |
How to Use Our Car Loan Calculator
🚗 Calculate Your Payment
Enter your vehicle price, down payment, trade-in value, interest rate, and loan term to get an accurate estimate of your monthly car payment.
- Vehicle prices from $5K to $150K
- Down payment up to 50% of vehicle price
- Trade-in values up to $75K
- Interest rates from 0.5% to 25%
- Loan terms from 1 to 8 years
💰 Auto Loan Basics
Auto loans are secured loans where the vehicle serves as collateral. Interest rates vary based on credit score, loan term, and whether the car is new or used.
- New car loans typically have lower rates
- Shorter terms mean higher payments, less interest
- Credit unions often offer competitive rates
- Consider certified pre-owned for warranty benefits
💡 Car Buying Tips
- Get pre-approved: Know your budget before shopping and negotiate from a position of strength
- Research values: Use KBB, Edmunds, or similar sites to know fair market value
- Consider total cost: Factor in insurance, maintenance, fuel, and depreciation
- Shop around: Compare rates from banks, credit unions, and dealer financing
- Read the fine print: Understand all fees, warranties, and loan terms before signing
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