Toolstia / Auto loan calculator
Auto loan calculator
Before you visit a dealer, work out what a car really costs. Enter the price, tax, fees, your down payment and trade-in, the interest rate and the loan term to see your monthly payment, the interest and the total cost.
Enter the price, the interest rate and the term.
Dealers may add other charges. Compare the total cost, not only the monthly payment, because a longer term lowers the payment and raises the interest.
How it works
- Enter price and any down payment and trade-in.
- Add sales tax, fees, interest rate and term.
- Read the monthly payment and total cost.
What is borrowed
The loan equals price plus sales tax plus fees, minus your down payment and trade-in. A larger down payment means a smaller loan and less interest.
Term matters
A longer term lowers the monthly payment but raises the total interest. Try 36, 48, 60 and 72 months to see the trade-off.
Total cost
Total cost is all monthly payments plus the down payment and trade-in value. It shows what the car costs you, not just the loan.
Dealer extras
Check for add-ons such as extended warranties and insurance that may be rolled into a loan. Enter them as fees to include them.
Questions
Is the rate the APR?
Enter the interest rate. If you only know the APR, use it as an approximation.
Does it work for used cars and bikes?
Yes. Any fixed-rate vehicle loan works.
Is anything uploaded?
No. Your numbers stays in your browser and is never sent anywhere.