Auto Loan Calculator

Only what you include in the loan amount. If you finance sales tax, dealer documentation fees, extended warranties, or GAP insurance, add those to the loan principal before entering it. The calculator computes payments on whatever total you provide.

APR (Annual Percentage Rate) can include certain fees beyond the base interest rate. For most auto loans, the difference is small. This calculator uses the rate you enter as the nominal annual rate for monthly interest accrual. Enter the APR from your loan offer for the most accurate estimate.

Extra payments go directly toward reducing the principal balance. Since interest is calculated on the remaining balance each month, a lower balance means less interest accrues. This creates a compounding savings effect that both reduces total interest paid and shortens the loan term.

Rates depend on credit score, loan term, and whether the car is new or used. As of recent years, new car rates range from 4% to 8% for good credit, while used car rates are typically 1% to 3% higher. Subprime borrowers may see rates of 10% to 20% or more.

Shorter terms (36 to 48 months) have higher monthly payments but significantly less total interest. Longer terms (60 to 84 months) lower the monthly payment but increase total interest cost. For a $25,000 loan at 8%, choosing 48 months over 72 months saves approximately $2,800 in interest.

Yes, embedding the Auto Loan Calculator is free. Hit the "Embed" button on this page, adjust the width, height, and theme, then grab the iframe code. It works on WordPress, Wix, Squarespace, Shopify, and plain HTML pages. No registration needed. Full instructions at calculory.com/services/embed-calculators.