Car Loan Payment Calculator

interest paid
years to repay
interest saved
years saved

Our auto-loan calculator gives you a full break down of the costs you should expect from your car financing. Unlike most auto-loan calculators, our calculator allows you to include a range of different fees, taxes, and payments to ensure you know the true cost of your loan.

To get started, input the total purchase price of your vehicle along with the frequency of your payments. After this, determine your downpayment and if your current car has any trade in value.

Under the ‘Taxes And Fees’ tab, enter your prospective loan’s interest rate and payment term. After this, enter title and registration fees, along with your sales tax rate. Determine if your TT & L are included in the loan, as well as whether your sales tax is tax deductible.

If you plan on making extra monthly payments to reduce the term of your loan, enter the extra monthly payment under the ‘Save Via Extra Payments’ tab.

A summary of your costs will be displayed underneath the calculator. Our calculator will then give you a full breakdown of all the costs you should expect to pay throughout the duration of your loan. As you can see, it’s a great way assess the viability of your car payments. We consider all the different factors for your auto loan to help you make your decision.


Manage Your Co-Signed Auto Loan With Extreme Care

If you are looking to buy a car but don’t have the best credit, you may have considered asking someone close to you to co-sign a loan. Obtaining a co-signer can help you gain access to the money you’re looking for to purchase a new car and help you build or establish...

How to Buy a Car Without a Credit History

You’ve been looking for the right car, and you think you’ve found one that fits what you want and need. Maybe you’ve already negotiated with the dealer on the price, and now you’re ready to make the purchase. If, like most other car shoppers, you’re going to need a...

Car Buying Services: 4 Ways to Avoid the Dealers

If you have ever thought about skipping the car dealership and purchasing a car somewhere else, you're not alone. Thankfully, a car buying service can help you avoid everything related to a dealership and can get you the car you have dreamed of for a wonderful price....

How Refinancing Your Car Can Save You Money

Refinancing your auto loan can save you money by lowering your interest rate or monthly payments. There are a number of online lenders that can quickly review your credit and give you an instant credit decision. If approved, borrowers can typically get the funds for...

Credit Decisions: It’s More Than Just Your Score

When you apply for a loan, it is no secret that lenders review your credit score before making a decision. What you may not realize is that your credit score is just the tip of the iceberg. Lenders like to take a look at an applicant’s full financial profile before...

What You Need to Know When Considering a Subprime Car Loan

While the ultra-low interest rates mentioned in car commercials certainly sound appealing, many potential buyers do not have the necessary credit history and credit score to qualify for these preferred rates. For these individuals, subprime auto loans are often the...

Three Reasons Good Credit Might Not Get You a Loan

While it's no secret that your credit can play an important role in determining whether or not you qualify for a home loan, the truth is that it's actually not the only factor. For many people this can come as a surprise, especially if they were relying on getting a...

Is It a Good Idea to Pay Off Your Car Loan with a Credit Card?

If you’re currently making installment payments on a car loan, you may be considering putting the entire loan amount on a 0-percent annual percentage yield (APR) credit card to drastically reduce the amount of interest that you end up paying. While this can be a good...