Loans

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Auto Loan Calculator

Calculate your car payment and total cost of financing. Compare loan terms to save money.

Quick Answer

Auto loans range from 36-72 months. Longer terms lower monthly payments but cost significantly more in interest. Keep total transportation costs (payment + insurance + gas) under 15-20% of income.

Results update automatically as you type

Vehicle Details

Vehicle Price

Down Payment

Trade-In Value

Sales Tax Rate

Interest Rate (APR)

Loan Term

Monthly Payment

$635

Amount Financed

$32,450

Total Interest

$5,645

True Cost

$43,095

Over 60 months

Cost Summary

Vehicle Price$35,000

Sales Tax (7%)$2,450

Down Payment-$5,000

Amount Financed$32,450

Total Interest$5,645

Pro Tips

•Run multiple scenarios with different values to understand your options
•Bookmark or share your results to reference later
•Check the FAQ section below for answers to common questions

Common Mistakes

•Not accounting for inflation over long time periods
•Forgetting to include all relevant fees and costs
•Using estimates when actual numbers are available

What's Next?

Loans Guide

Learn more about loans strategies

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Sources & Accuracy

Last updated: January 13, 2025

Reviewed by: CalcGrid Editorial Team

Data Sources:

Federal Reserve Auto Loan Rates(2024)

Learn more about how we calculate and our editorial standards.

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