Auto Loan Calculator

Use this calculator to estimate your monthly car loan payment and see how your loan will be paid off over time. Enter the vehicle price, your down payment and trade-in value (if any), the loan term, and interest rate. The calculator will display your monthly payment, total cost of the loan, total interest paid, and a full amortization schedule to help you understand your payment breakdown.

Vehicle Price ($):

Down Payment ($):

Trade-In Value ($):

Loan Term:

Interest Rate (APR %):

Loan Amount: $0.00

Monthly Payment: $0.00

Total Paid: $0.00

Total Interest: $0.00

Principal

Interest

Loan Balance Over Time

Amortization Schedule

Month	Payment	Interest	Principal	Balance

Key Auto Loan Terms

APR (Annual Percentage Rate):

The yearly interest rate charged on your loan, expressed as a percentage. It includes the nominal interest rate and any additional fees or costs, representing the annual cost of borrowing.

Principal:

The initial amount of the loan that you borrow (the vehicle price minus any down payment and trade-in value). It's the amount on which interest is calculated.

Interest:

The money charged by the lender for borrowing the principal. Interest is paid as part of each monthly payment and is determined by your APR.

Down Payment:

An upfront payment you make towards the vehicle purchase, which reduces the amount you need to finance.

Trade-In Value:

The credit you receive for trading in your old vehicle, applied toward the new vehicle's price to reduce the loan amount.

Loan Term:

The length of time you have to repay the loan, expressed in years or months. A longer term typically lowers the monthly payment but increases the total interest paid.

Amortization:

The process of repaying a loan with regular payments over time. Each payment covers the interest due and a portion of the principal. Over time, the portion going to principal increases while the interest portion decreases.

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