Car Loan Calculator
Calculate monthly auto loan payments, interest costs, trade-in savings, interactive charts, and user insights.
Auto Loan Details
In Brief
For a $35,000 vehicle with $5,000 down payment at 5.50% APR over 5 years, your monthly payment is $573.04. Total loan interest is $4,382.
Auto Outlay Breakdown
Down payment vs Financed principal vs Total interest
User Insights
Smart analysis of your current calculation
Interest represents 12.7% of your total out-of-pocket repayment.
Adding an extra monthly contribution accelerates principal payoff and cuts total financing costs.
5-year term limits total interest risk and prevents owing more than vehicle resale market value.
Amortization Schedule
Detailed monthly payment breakdown over the loan duration.
| # | Date | Principal | Interest | Extra | Total Payment | Remaining Balance |
|---|---|---|---|---|---|---|
| Adjust inputs to view your schedule breakdown. | ||||||
Auto Financing Best Practices
Aim to keep your auto loan term to 5 years (60 months) or less. Longer 72 or 84-month loans result in higher interest costs and increase the risk of becoming "underwater" (owing more than the vehicle is worth).