Auto Loan Calculator
Work out your real monthly car payment and the true cost of the loan — including sales tax, your down payment and trade-in — then see how the loan term changes what you pay.
Vehicle & Loan Details
Loan Summary
Monthly Payment
$635
for 60 months
Vehicle Price:$35,000
Sales Tax:+$2,450
Down + Trade-in:-$5,000
Amount Financed:$32,450
Total Interest:$5,645
Total Cost:$43,095
How the loan term changes your cost
Same price and rate — only the length changes. Longer terms shrink the payment but cost more interest.
| Term | Monthly | Total interest |
|---|---|---|
| 3 yr (36 months) | $995 | $3,354 |
| 4 yr (48 months) | $770 | $4,488 |
| 5 yr (60 months) | $635 | $5,645 |
| 6 yr (72 months) | $545 | $6,825 |
| 7 yr (84 months) | $482 | $8,027 |
A noticeable chunk of what you pay is interest. A bigger down payment or shorter term would help.
Interest is 16% of the vehicle price
Plan your monthly budget with the 50/30/20 rule →Already have a car loan? See if refinancing it saves money →
Estimates for education only. Excludes fees, insurance and registration; your lender's exact terms may differ.