Car Loan Calculator
This free auto loan calculator can calculate your auto loan payments on a new or used cars, trucks, and motorcycles. This car loan calculator is a great way to test various loan options to compare auto loan payments.
Using This Car Payment Calculator?
When buying a new car, truck, van, or SUV financing the loan is a big part of the process. Many factors go into determining what your car payment will be such as interest rates, down payment, and price of the vehicle. This car loan calculator will help you determine what your payments will be based on a variety of information. The car payment calculator is used to determine which car loan is right for you. These step by step directions will show you how to use this car loan calculator.
1. Determine the price of the vehicle you are looking to buy. This is the agreed upon sales price before your down payment or trade-in is taken out.
2. Enter your cash down payment. If no cash down payment then enter 0.
3. Enter your trade-in allowance for the vehicle you are trading in. If no trade-in allowance then enter 0.
4. Enter the interest rate you think you will qualify for into the "Interest Rate" field. If you have good credit you will probably get a low interest rate. If you have a low credit score or no credit at all you can expect to finance your car at a higher interest rate.
5. Enter the number of months you will be financing the loan for. Often times an auto loan is financed between 36 to 72 months.
6. Click "Calculate" to determine what your car payment and net loan amount. You can reset the auto loan calculator to try out different scenerios using the "Reset" button.
Disclaimer: This auto loan calculator is for planning purposes only and does not constitute an auto loan offer. The output of this car loan calculator may vary from your actual auto loan offer due to changes in the amount financed as a result of loan fees and changes in interest rates.