Car Payment Calculator
Estimate your monthly car payment using simple inputs.
How This Car Payment Calculator Works
This car payment calculator helps you estimate your monthly auto loan payment based on the loan amount, interest rate (APR), and loan term.
It uses a standard loan formula that most banks and lenders use when calculating car payments. The result gives you a realistic estimate of what your monthly payment may be.
Keep in mind that real car loans may also include taxes, fees, or insurance costs that are not included in this estimate.
To lower your monthly payment, you can:
- Increase your down payment
- Choose a shorter loan term
- Qualify for a lower APR