Car Loan Calculator

Calculate car loan payments and terms. Free online car loan calculator with amortization schedule and payment breakdown.

Calculator

Car Loan Calculator

Calculate car loan payments, interest, and create amortization schedules with our free online car loan calculator. Get detailed breakdowns for better auto financing decisions.

Car Loan Calculator

Car Loan Summary

Enter car loan details above to see the payment breakdown.

Car Loan Information

Down Payment

Initial payment that reduces the loan amount and monthly payments

Interest Rate

Annual percentage rate charged by the lender for borrowing money

Loan Term

Length of time to repay the loan, typically 3-7 years for car loans

Amortization

Process of paying off debt over time through regular payments

How to Use

  1. Enter the total car price
  2. Input your down payment amount or percentage
  3. Specify the interest rate offered by your lender
  4. Choose the loan term (3-7 years)
  5. Click "Calculate Car Loan Payment" to see the results
  6. Review monthly payment, total interest, and amortization

Example

Car Price: $25,000

Down Payment: $5,000 (20%)

Loan Amount: $20,000

Interest Rate: 5.5%

Term: 5 years

Monthly Payment: $382.02

Total Interest: $2,921.20

Features

  • • Calculate monthly payments
  • • Down payment calculator
  • • Total interest calculation
  • • Amortization schedule
  • • Multiple loan terms
  • • Free to use

Perfect For

  • • Car buying planning
  • • Auto loan comparison
  • • Affordability analysis
  • • Financial planning
  • • Budget planning
  • • Loan negotiation

Frequently Asked Questions

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