Auto Loan Calculator
Estimate your monthly car payments and total loan cost based on price, down payment, and interest rate.
Auto Loan Details
Enter the vehicle price, down payment, and loan terms.
Loan Amount
$0.00
Monthly Payment
$0.00
Total Interest
$0.00
Total Paid
$0.00
Amortization Schedule
Detailed breakdown of your auto loan payments over time.
| Month | Payment | Principal | Interest | Remaining Balance |
|---|
Tips for Auto Loans
1. **Shop for Rates First:** Get pre-approved for a loan from a bank or credit union before visiting the dealership.
2. **Bigger Down Payment:** A larger down payment reduces your loan amount and can lead to lower monthly payments and less interest paid.
3. **Shorter Loan Term:** While it means higher monthly payments, a shorter loan term (e.g., 36 or 48 months) significantly reduces the total interest you pay.
4. **Understand All Costs:** Factor in not just the monthly payment, but also insurance, maintenance, and fuel costs.
5. **Avoid Upsells:** Be wary of extended warranties or add-ons that might inflate your loan amount unnecessarily.