Dealer vs bank financing
Compare APR and loan term from multiple lenders using the same vehicle price, down payment, and trade-in assumptions.
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Auto loan calculator
Auto Loan Calculator for Monthly Car Payments, APR, Sales Tax, and Trade-In
Estimate a car loan payment from vehicle price, down payment, trade-in value, sales tax, APR, and loan term before you compare financing offers.
$546.14
Monthly payment
$27,417.50
Amount financed
$5,350.85
Total interest
Auto loan result
Monthly payment
$546.14
Estimated principal and interest payment before insurance, registration, and maintenance.
Amount financed
$27,417.50
Vehicle price plus estimated tax, minus down payment and trade-in credit.
Estimated sales tax
$1,917.50
A simple sales tax estimate based on the vehicle price after trade-in.
Total interest
$5,350.85
Estimated interest paid across the full loan term.
Auto loan estimate summary Vehicle price: $32,000.00 Down payment: $4,000.00 Trade-in credit: $2,500.00 Estimated sales tax: $1,917.50 Amount financed: $27,417.50 APR: 7.25% Term: 60 months Estimated monthly payment: $546.14 Total interest: $5,350.85 Total loan payments: $32,768.35 Note: This estimate does not include registration fees, dealer fees, insurance, maintenance, warranties, or prepayment rules.
What this auto loan calculator helps compare
Trade-in and down payment
See how cash down and trade-in credit reduce the financed amount and total interest.
Monthly payment pressure
Check whether a longer term lowers the payment enough to justify the added interest cost.
How to use the auto loan estimate
Keep the out-the-door price separate
Dealer add-ons, registration, title fees, warranties, and insurance can change the real monthly cost. Treat this result as the loan baseline.
Compare APR with total interest
A lower payment can still cost more if the term is longer. Compare both monthly affordability and lifetime interest.
Stress test before signing
Add fuel, insurance, parking, maintenance, and emergency savings to the payment before deciding what car price is comfortable.
Educational estimate only
This auto loan calculator is for educational planning only. It is not financial, tax, legal, lending, or insurance advice.
Auto loan calculator FAQ
Does this include dealer fees and registration?
No. It estimates the loan payment from price, tax, down payment, trade-in, APR, and term. Add dealer fees, registration, insurance, and warranties separately.
Is a longer auto loan term better?
Not always. A longer term may lower the monthly payment but usually increases total interest and can keep you underwater longer.
Should I use APR or interest rate?
Use APR when comparing real financing offers because it is meant to include borrowing costs more consistently than the nominal interest rate.
Can I use this for used cars?
Yes. Enter the used vehicle price, trade-in credit, tax rate, APR, and term. Used-car APRs may be higher than new-car APRs.