Auto Loan Calculator — Monthly Car Payment
The Auto Loan Calculator helps you estimate your monthly car payment before you visit a dealership. Enter the car price, your down payment, the interest rate, and the loan term to see your exact monthly payment. Understanding your payment ahead of time puts you in a stronger negotiating position.
How to Use This Calculator
- 1
Enter the total car price.
- 2
Enter your planned down payment (if any).
- 3
Enter the annual interest rate quoted by the lender.
- 4
Select the loan term in years.
- 5
Click Calculate to see your estimated monthly payment.
Frequently Asked Questions
As of 2024, average auto loan rates range from 5–8% for new cars with good credit and 8–14% for used cars. Rates above 20% indicate subprime lending.