Can I use this calculator for a used car or lease?

The calculator provides estimates only; actual loan terms, APR, and monthly payments will vary based on your credit history, income, and the lender’s specific underwriting guidelines.

Does the calculator include taxes and fees in the loan amount?

The amortization schedule shows how each payment is split between principal and interest over the life of the loan, but it does not list individual payment dates or extra payment options.

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Auto Loan Payment Calculator

Provided byNerdWallet Financial Calculatorsnerdwallet.com

NerdWallet’s free auto loan calculator provides estimated monthly payment, total loan cost, payoff date, and a full a...

One of 5 options for Auto Loan Payment Calculator

Use This Tool

Screenshot of Auto Loan Payment Calculator on NerdWallet Financial Calculators — nerdwallet.comOpen the live tool →

About this tool

What Auto Loan Payment Calculator does

NerdWallet’s auto loan calculator helps you estimate your monthly car payment and the total cost of financing. By entering the vehicle price, down payment, interest rate, and loan term, you get an immediate monthly payment figure along with the total loan amount, total interest cost, and a projected payoff date. The tool also lets you factor in a trade-in value and any amount still owed on that trade-in to see how those details change your results. Once you have an estimate, the site offers a lender-matching feature that shows current interest rate ranges from partner lenders based on your loan amount, term, and credit profile, helping you move from calculation to comparison shopping. The interface keeps the core math visible while providing a path to real lender quotes without leaving the page.

Step by step

How to use the NerdWallet Financial Calculators Auto Loan Payment Calculator

1
Enter the vehicle price to set the loan principal
2
Input your down payment amount to reduce the financed total
3
Provide the interest rate (APR) and loan term in months to calculate the monthly payment
4
Add trade-in value and amount owed on the trade-in to adjust the loan balance
5
Review the monthly payment, total interest, and payoff date; toggle the amortization schedule to see principal vs. interest breakdowns per period

Is it right for you

Best for

Budget-conscious car buyers who want a quick, adjustable estimate of monthly payments and total loan cost before visiting dealerships or applying for financing.

Limitations

Results are estimates based on input values and standard lender rates
No unit switching between monthly, biweekly, or annual payment frequencies
Lender rate ranges shown are based on NerdWallet’s partner network and may not reflect all available options

Questions

Auto Loan Payment Calculator FAQ

Can I use this calculator for a used car or lease?: The calculator provides estimates only; actual loan terms, APR, and monthly payments will vary based on your credit history, income, and the lender’s specific underwriting guidelines.
Does the calculator include taxes and fees in the loan amount?: The amortization schedule shows how each payment is split between principal and interest over the life of the loan, but it does not list individual payment dates or extra payment options.

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