CarFaster

Auto Loan Calculator

Calculate your monthly payments and compare financing options. Plan your car purchase with confidence.

Step 1 of 3
$
$0$150,000.00

By the time a car is 2–3 years old, the previous owner has absorbed most depreciation—often a better deal.

Calculations are for illustrative purposes only. Actual rates and payments depend on credit approval and other factors. Other fees may apply. Calculator assumes a constant interest rate.

Vehicle pricing, specifications, fuel economy estimates, incentives, and availability may change without notice. Verify details with the vehicle manufacturer or an authorized dealership before making a purchase decision. See disclaimer.

Frequently asked questions

How is a car loan payment calculated?

The amount financed (price plus taxes and fees, minus down payment and trade-in) is spread over the loan term at your interest rate.

Is a longer loan term better?

A longer term lowers the monthly payment but increases the total interest you pay. Compare total cost, not just the monthly number.

Does the calculator include taxes and trade-ins?

Yes. Add your sales tax rate, down payment, and trade-in value to see the amount financed and your real monthly payment.