A car payment calculator estimates your monthly auto loan payment based on the vehicle price, down payment, interest rate, and loan term. For a $30,000 car with $3,000 down at 6% APR for 60 months, expect roughly $522 per month. Use our free calculator below to get your exact payment.
Get your estimated monthly auto loan payment in seconds.
See how each payment splits between principal and interest.
Understand the full cost of your loan over the term.
See how a larger down payment reduces your payment.
Factor in your trade-in to lower the amount you finance.
Compare 36, 48, 60, 72, or 84-month loan terms.
Calculate your monthly payment with taxes, trade-in, and see the full amortization schedule.
You'll pay 18.5% of your loan amount in interest over 5 years.
Get AI-powered price analysis and negotiation scripts for your specific vehicle.
Your monthly payment depends on several inputs. Adjust any of these in the calculator to see the impact.
Before you visit the dealership, use these steps to save money.
Common questions about this tool
Interest rates vary based on credit score and loan term. For new cars, excellent credit (750+) typically gets 4-6% APR, good credit (700-749) gets 6-9%, and fair credit (650-699) gets 9-13%. Used car rates are typically 1-2% higher.
Financial experts recommend 20% down for new cars and 10% for used cars. This helps avoid negative equity, reduces your monthly payment, and may qualify you for better interest rates.
Longer loans (72-84 months) have lower monthly payments but cost significantly more in total interest. They also increase the risk of being upside-down on your loan. If you need a 72-month term to afford the payment, consider a less expensive vehicle.
Paying off your car loan early can save you money on interest, but check for prepayment penalties first. If your interest rate is low (under 5%), you might earn more by investing the money instead.
Your monthly car payment typically includes principal (loan amount) and interest. It may also include taxes and fees if you financed them. Insurance, registration, and maintenance are separate costs not included in the loan payment.
Calculate monthly lease payment, money factor, and total lease cost.
Use the 10-15% rule to find your car budget based on income.
Check your estimated auto loan rate and approval likelihood.
Get an instant estimate of your car's trade-in value.