Car Loan Calculator
Monthly payment with down payment, trade-in & tax
Work out your real car payment. Enter the price plus your down payment, trade-in, sales tax, rate and term to see the monthly payment and what the loan truly costs.
What actually gets financed
You finance the price plus sales tax, minus your down payment and trade-in. A bigger down payment or shorter term lowers total interest. Today's new-car APRs hover around 7%, and terms run 36–84 months.
Frequently asked questions
How is a car payment calculated?
The amount financed (price + tax − down − trade-in) is amortized over your term at your APR.
Is a longer car loan bad?
Lower monthly payments, but you pay more total interest and risk owing more than the car is worth.