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Finance

Car Finance Calculator

Estimate monthly auto loan payments for a new or used car with price, down payment, trade-in value, taxes, fees, rate, and a term entered in years or months.

Car Finance inputs

Use one car finance calc for auto loans, used car loans, and car payment estimates.

Vehicle estimate 0
Estimated loan amount 0
Monthly payment 0
Total interest 0
Total cost 0

Beginner guide

Use the real price you expect to finance

The useful number is not only the sticker price. Taxes, fees, down payment, and trade-in value can change the loan amount a lot.

If the dealer rolls taxes or fees into the loan, include them here. If you pay them upfront, leave them out or reduce the financed amount.

  • Down payment lowers the loan amount immediately.
  • Trade-in value works like an extra credit toward the purchase.
  • A longer car loan can hide the cost by making the monthly payment look easier.

New car and used car are labels, not magic

The new/used choice helps keep the estimate organized. The payment still comes from price, rate, term, taxes, fees, down payment, and trade-in value.

Used cars may have different rates or fees, so update those inputs instead of relying on the label alone.

Formula

Loan amount = vehicle price + sales tax + fees - down payment - trade-in value. Monthly payment uses the standard amortizing auto loan formula.

Example

A $28,000 used car with $3,000 down, $2,000 trade-in, 6.5% tax, $600 fees, and 7.2% for 5 years has an estimated payment of about $503 per month.

Result notes

  • Results are estimates based on the values you enter.
  • Calculators with schedules show how values change over time.
  • For financial, health, or construction decisions, compare these estimates with professional advice when needed.

Frequently asked questions

Is this an auto loan calculator too?

Yes. This page is designed to work as a car finance calculator, auto loan calculator, used car loan calculator, and car payment calculator.

Does this work for used cars?

Yes. Choose used car and enter the purchase price, trade-in value, taxes, fees, rate, and term.

Are taxes and fees included in the loan?

This calculator assumes taxes and fees are financed, then subtracts down payment and trade-in value.

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