Auto Loan Calculator
Calculate your auto loan payments, interest, and loan costs. Compare financing terms, taxes, refinance options, and extra payments with confidence.
Auto Loan Calculator
Understanding Auto Loans
Auto loans are secured loans used to purchase vehicles. The car serves as collateral, which helps reduce interest rates compared to unsecured loans.
Key Factors Affecting Auto Loan Rates
- Credit Score: Higher scores qualify for lower rates
- Loan Term: Longer terms may increase total costs
- Down Payment: Bigger down payments lower loan balance
- Vehicle Age: New cars often qualify for better rates
- Lender Type: Banks, credit unions, and dealers vary
Auto Loan Variations
- Refinance Auto Loan Calculator
- Auto Loan Calculator with Tax
- Auto Loan Calculator with Extra Payments
- 84-Month Auto Loan Calculator
- Used Car Loan Calculator
State-Specific Examples
Whether you’re financing in Texas, Florida, or anywhere in the U.S., this calculator works to estimate car loan payments based on taxes and terms in your state.
Auto Loan Calculator FAQs
How do I calculate auto loan payments?
Enter your loan amount, interest rate, and term to get monthly payment, total interest, and overall cost.
Can I calculate extra payments?
Yes, you can use the extra payment option to see how much faster you can pay off your auto loan.
What is an 84-month auto loan?
An 84-month (7-year) loan lowers monthly payments but increases total interest paid. This calculator shows the tradeoff.
How does refinancing affect auto loans?
Refinancing replaces your existing loan with a new one, often with a lower rate or different term. Use the refinance feature to compare.