Car Loan Calculator
Auto-loan monthly payment with trade-in, down payment, and optional state sales tax — tax computed on (price − trade-in) per the most common US "trade-in tax credit" rule.
Result
Monthly payment
$638.71
Total
$38k
Principal$31,500(82%)
Interest$6,822(18%)
- Vehicle price$35,000.00
- Trade-in credit—
- Down payment− $3,500.00
- Amount financed$31,500.00
- Total of payments$38,322.39
- Total interest$6,822.39
- Term60 months (5.0 yrs)
How to use this calculator
- Enter the out-the-door vehicle price (include taxes/fees if known).
- Add your down payment and any trade-in credit.
- Type the dealer or bank's quoted APR.
- Pick the term in months — try 60 vs 72 to see lifetime cost.
About this tool
The car loan calculator handles the three things that decide your auto payment: how much you're financing, the rate, and how long you stretch it. Enter the vehicle's price, subtract your down payment and any trade-in value, and the calculator figures the loan amount automatically. Auto-loan terms typically run 36–84 months — longer terms drop the monthly payment but cost much more in interest. Use this to compare offers between dealerships, or to figure out how much car you can afford on a target monthly budget.
Frequently asked
Usually no. A 72- or 84-month auto loan often leaves you owing more than the car is worth (negative equity) for years. A 48–60 month term is a healthier balance.
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