Auto Loan Calculator

Calculate your monthly auto loan payment and see how different loan terms affect your total cost.

$
$

20.0% of auto price

%

Include trade-in, incentives, taxes, and fees

Sales Tax: $1,563 (6.25% of auto price)

Title & Fees: $1,200 (estimated)

Enter Loan Details

Enter your auto loan details in the form to calculate your monthly payments.

Understanding Your Auto Loan Payment

What's Included

  • Principal: The loan amount you're paying back
  • Interest: The cost of borrowing money for the vehicle
  • Sales Tax: State and local tax on the vehicle purchase
  • Title & Fees: Registration, documentation, and dealer fees
  • Trade-In Credit: Value of your current vehicle applied to the loan

Money-Saving Tips

  • Make a larger down payment to reduce your loan amount
  • Shop around for the best interest rates from different lenders
  • Consider a shorter loan term to save on total interest
  • Negotiate the vehicle price before discussing financing
  • Get pre-approved for financing to know your budget