Auto Loan Payment Calculator

What Auto Loan Payment Calculator does

How to use the Calculator.net Auto Loan Payment Calculator

1. 1

   Enter the vehicle's auto price in the Auto Price field

2. 2

   Select the loan term in months using the Loan Term months dropdown

3. 3

   Input the interest rate (APR) in the Interest Rate field

4. 4

   Provide cash incentives, down payment, and trade-in value or amount owed on trade-in

5. 5

   Choose your state from the Your State menu to apply local sales tax and fees

Auto Loan Payment Calculator FAQ

Can I include sales tax and registration fees in the loan amount?

Yes, the calculator has an option to include taxes and fees in the loan, which increases the total amount financed and the monthly payment.

How does the trade-in value affect my loan?

The trade-in value is subtracted from the auto price, reducing the amount that needs to be financed. If you owe more on your current vehicle than its trade-in value, the difference can be added to the new loan.

What is the difference between total cost and total of 60 loan payments?

Total cost includes the vehicle price, all interest, sales tax, and fees. The total of 60 loan payments is the sum of the monthly payments alone over the loan term, before accounting for upfront costs like down payment or trade-in.

Does the amortization schedule show how much of each payment goes to interest versus principal?

Yes, the schedule lists each month with the interest payment, principal payment, and the remaining loan balance after that payment.