🚗 Auto Loan Calculator
Calculate monthly car loan payments, total interest, sales tax, down payment, and trade-in value across 36 to 84 month terms. 100% free.
Free No Signup Required Browser-Based
Estimated Monthly Payment
$580.52 / mo
Loan Amount: $30,100.00 over 60 months
Total Loan Interest
$4731.12
Sales Tax (6.0%)
$2100.00
Total Vehicle Out-of-Pocket
$41831.12
How to Use Auto Loan Calculator
- Enter the sticker price of the vehicle
- Input your cash down payment and trade-in vehicle allowance
- Enter your annual loan interest rate (APR) and local sales tax rate
- Select a loan term (36, 48, 60, 72, or 84 months)
- View your estimated monthly payment, total interest, and vehicle out-of-pocket cost
Frequently Asked Questions
How is monthly auto loan payment calculated?
Auto loan payments are calculated using standard amortization formulas factoring in total vehicle purchase price, down payment, trade-in credit, sales tax, APR interest rate, and term length in months.
How much down payment should I make on a car?
Financial experts typically recommend at least 20% down for new cars and 10% for used cars to minimize negative equity (being upside down on the loan).
What is a good auto loan term length?
Terms of 48 to 60 months offer the ideal balance between affordable monthly payments and low total interest costs. Longer 72–84 month terms lower monthly payments but increase total interest significantly.