Auto Loan Calculator
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Auto Loan Summary
$0
Monthly Payment
$0
Total Interest
$0
Total Cost
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Payoff Date
| Payment # | Date | Payment | Principal | Interest | Balance |
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About the Auto Loan Calculator
Our Auto Loan Calculator helps you estimate your monthly car payments, total interest costs, and provides a detailed amortization schedule for your vehicle financing.
Key Features
- Complete Cost Analysis: Includes vehicle price, down payment, and trade-in value
- Flexible Loan Terms: Calculate payments for 36 to 72 month loans
- Amortization Schedule: Shows how each payment is applied to principal and interest
- Total Cost Breakdown: Shows the full cost of your auto loan including interest
- Payment Comparison: Compare different loan terms and interest rates
How It Works
The calculator uses the standard auto loan formula to determine your monthly payment:
M = P [ r(1 + r)^n ] / [ (1 + r)^n - 1]
Where:
M = Monthly payment
P = Loan amount (Vehicle Price - Down Payment - Trade-In)
r = Monthly interest rate (annual rate ÷ 12 ÷ 100)
n = Number of payments (loan term in months)
Where:
M = Monthly payment
P = Loan amount (Vehicle Price - Down Payment - Trade-In)
r = Monthly interest rate (annual rate ÷ 12 ÷ 100)
n = Number of payments (loan term in months)
Who Uses This Tool?
Car Buyers: Estimate payments before visiting the dealership.
Financial Planners: Help clients understand auto loan obligations.
Auto Refinancers: Compare current loan with refinancing options.
Car Sales Professionals: Provide payment estimates to customers.