Car Loan Calculator
Calculate your monthly car loan payments and total costs
📚 How To Use the Car Loan Calculator
- Enter Car Price: Input the total price of the vehicle you want to buy
- Set Down Payment: Enter the amount you can pay upfront
- Add Interest Rate: Input the annual interest rate offered by lender
- Choose Loan Term: Select the repayment period in years
- Calculate: Click to see your monthly payment and total costs
💎 Car Financing Tips
Higher Down Payment
Pay at least 20% down to reduce monthly payments and total interest.
Shorter Terms
Choose shorter loan terms to save on interest, even if payments are higher.
Shop Around
Compare rates from banks, credit unions, and dealer financing options.
Total Cost Focus
Consider total cost of ownership including insurance, maintenance, and fuel.