Free tool

Car loan calculator

Estimate your monthly payment before you visit the dealer. Adjust the price, down payment, rate and term.

Estimated monthly payment$440.83
Amount financed$22,000.00
Total interest$4,450.09
Total cost$26,450.09

Estimate only. Your actual rate and payment depend on credit, lender and fees.

How is a car payment calculated?

Your monthly payment depends on the amount you finance (price minus down payment and trade in), the interest rate (APR) and the length of the loan. A longer term lowers the monthly payment but raises the total interest you pay.

Check the car before you finance it

Before you sign, run the VIN through Carchieve to check for recalls, title brands and odometer issues. It is a small step that can save you thousands.