Home › Car Loan Calculator
Free car loan calculator. Calculate monthly car payments, total cost, and compare new vs. used car financing options.
The car loan calculator works out the monthly payment, total interest, and total cost of a new or used car loan based on price, rate, term, down payment, and trade-in. It is a focused tool for vehicle financing decisions.
Buyers comparing financing options across lenders, dealers, and credit unions, plus existing owners considering early payoff. It is also useful for first-time buyers learning what loan terms actually cost.
It cuts through dealer monthly-payment talk and lets buyers see the full cost of ownership clearly. It also helps borrowers find the sweet spot between an affordable monthly payment and a reasonable total interest cost.
It answers questions like "What will my payment be on a used vehicle at 11% APR?", "How much do I save by financing for 48 months instead of 60?", and "What is the total cost of this car after interest?"