Car Loan Payment Calculator
Estimate your monthly car payment by entering the vehicle price, down payment, trade-in value, interest rate, and loan term below.
Estimated Monthly Payment
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Loan Principal—
Total Interest Paid—
Total Amount Paid—
About this calculator
Calculate your monthly car loan payment based on vehicle price, down payment, trade-in value, interest rate, and loan term.
Frequently Asked Questions
How is the monthly car payment calculated?
The calculator uses the standard amortization formula based on your loan principal (vehicle price minus down payment and trade-in), interest rate, and loan term in months.
Does this include taxes and fees?
No, this estimate covers principal and interest only. Sales tax, title, registration, and dealer fees may increase your actual loan amount and payment.
How does a larger down payment affect my payment?
A larger down payment reduces the loan principal, which lowers both your monthly payment and the total interest paid over the loan term.