Auto Loan Calculator
Calculate your auto loan payments and total cost with precision
đ Vehicle Details
đ Calculation Results
Monthly Payment
$754
Total Loan Amount
$40,000
Sales Tax
$3,500
Upfront Payment
$15,500
Total of Loan Payments
$45,291
Total Interest
$5,291
Total Cost
$60,791
Loan Breakdown
đ Amortization Schedule
| Year | Interest | Principal | Ending Balance |
|---|
Complete the form and click Calculate to see your amortization schedule.
đ Understanding Auto Loans
Down Payment
A larger down payment reduces your loan amount and monthly payments. Typically 10-20% of the vehicle price.
Loan Term
Longer terms mean lower monthly payments but more total interest. Common terms are 36, 48, 60, or 72 months.
Interest Rate
Your credit score significantly affects your interest rate. Shop around for the best rates from different lenders.
Trade-in Value
Research your vehicle's value before visiting dealers. Consider private sales for potentially higher returns.