Auto loan calculator
Estimate your real car payment — including sales tax, your down payment, and trade-in value — plus what the loan costs you in total interest.
Your estimate
Tax is applied to price minus trade-in (common in many states, but not all). Doc fees, title, and registration not included.
Why longer terms cost more than they look
An 84-month loan can cut your monthly payment dramatically while increasing total interest by thousands. Cars also depreciate fastest in the first years, so long terms often leave borrowers underwater. A common rule of thumb is to keep auto terms at 60 months or less — though the right choice depends on your budget.
Get preapproved before the dealership
Walking in with a preapproval from your bank or credit union gives you a rate to compare against dealer financing — and dealers will often beat it. Here's how preapproval works.