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Auto Loan Calculator

See the monthly payment, the real cost of financing a car, and whether buying beats paying cash.

Monthly payment

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Amount financed

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Total interest

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Total cost

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Financing versus paying cash

Out of pocket now Financed Paying cash

Interest per year

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Extra from financing

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Ownership starts at

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A car depreciates the moment it leaves the lot, so the cheapest car to finance is often not the cheapest car to own. Negative equity, where you owe more than the car is worth, is normal in the first years and is the main reason a short loan can be the wiser choice. Sales tax is charged on the price before any trade-in credit in most states, so the figure here is the conservative one.

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What Is Auto Loan Calculator?

The Auto Loan Calculator shows the monthly payment on a car loan and, more usefully, what financing actually costs you compared with paying cash. It handles sales tax, dealer fees, and a trade-in that may still be owing money on.

Who Uses the Auto Loan Calculator?

Drivers use it to see the true cost of spreading a purchase over five years, to check whether a longer term is quietly costing thousands, and to work out whether a trade-in leaves them with a shortfall. Dealers quote monthly payments, which is the number that flatters the deal.

How to Use the Auto Loan Calculator

  1. Enter the price, your down payment, the rate, and the term.
  2. Add sales tax, fees, and a trade-in if you have one.
  3. Compare the financed total against the cash price.

Why Choose Our Auto Loan Calculator?

  • Cash versus financed comparison side by side
  • Handles sales tax and a partly owned trade-in
  • Shows the interest in the first year, which is the heaviest
  • Warns when the term is long enough to end in negative equity

Try the Auto Loan Calculator above — it is free, fast, and works on any device. Bookmark this page to return whenever you need it.