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    Auto Loan Calculator

    Buying a car? This auto loan calculator estimates your monthly payment including sales tax, fees and trade-in value, plus the full amortization schedule and total cost of ownership.

    #auto loan#car loan#car payment#vehicle financing#car financing

    TheCalculators — Auto Loan Calculator

    Printed thecalculators.com

    Presets
    $
    5,000150K
    $
    $
    %
    015
    $
    %
    020
    months
    1284
    $

    Live mode: results update as you type.

    Monthly Payment

    $592.62

    60 months @ 6.90% APR

    Vehicle Price
    $35,000.00
    Sales Tax
    $0.00
    Fees
    $0.00
    Trade-in + Down
    $5,000.00
    Amount Financed
    $30,000.00
    Total Interest
    $5,557.29
    Total Cost
    $40,557.29
    Payoff Time
    5 yr 0 mo

    Where your money goes

    Where your money goes
    • Principal$30,000
    • Interest$5,557
    • Tax & Fees$0

    Amortization schedule

    YearBeginningPaidPrincipalInterestEnding
    Year 1$30,000.00$7,111.46$5,203.99$1,907.47$24,796.01
    Year 2$24,796.01$7,111.46$5,574.64$1,536.82$19,221.37
    Year 3$19,221.37$7,111.46$5,971.69$1,139.77$13,249.67
    Year 4$13,249.67$7,111.46$6,397.02$714.43$6,852.65
    Year 5$6,852.65$7,111.46$6,852.65$258.81$0.00

    Most useful next

    Monthly Payment

    $592.62

    Formula

    Payment = P × r(1+r)^n / ((1+r)^n − 1)

    Pro tips

    • • Keep total car costs under 15-20% of take-home pay.
    • • Shorter terms save substantial interest.
    • • Get pre-approved to strengthen negotiation.

    FAQ

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