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Auto Loan Calculator — Free Car Payment Calculator
Calculate your monthly car payment in seconds. Includes sales tax, trade-in value, down payment, and full amortization schedule — built for US auto buyers.
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Vehicle & Loan
Adjust any value — results update live
$
$14.3%
$
%
Estimated Monthly Payment
60 months$662.00
Amount financed $33,038Payoff by Sep 2031
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Cost Breakdown
What you're really paying for
| Category | Amount |
|---|---|
| Vehicle Price | $35,000 |
| Sales Tax | $2,538 |
| Registration & Fees | $500 |
| Down Payment | − $5,000 |
| Amount Financed | $33,038 |
| Total Interest Paid | $6,683 |
| Total of Payments | $39,720 |
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Cost Split
Monthly$42,758
Vehicle (Financed)77%
Interest16%
Sales Tax6%
Fees1%
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Loan Summary
Vehicle Price$35,000
Down Payment$5,000 (14.3%)
Amount Financed$33,038
Total of 60 Payments$39,720
Total Interest$6,683
Total Cost (incl. down)$44,720
Payoff DateSep 2031
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Compare Loan Terms
How different terms affect your payment at 7.50% APR
| Term | Monthly | Total Interest | Total Paid |
|---|---|---|---|
| 36 months | $1,027.67 | $3,959 | $36,996 |
| 48 months | $798.81 | $5,305 | $38,343 |
| 60 monthsCURRENT | $662.00 | $6,683 | $39,720 |
| 72 months | $571.22 | $8,090 | $41,128 |
| 84 months | $506.74 | $9,529 | $42,566 |
💡 Tip: A shorter term means a higher monthly payment but dramatically less interest. The 60-month loan is the most popular choice in the US for new cars.
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Amortization Schedule
5 years
| Year | Date | Interest | Principal | Balance |
|---|---|---|---|---|
| 1 | Sep 2027 | $2,286 | $5,658 | $27,379 |
| 2 | Sep 2028 | $1,847 | $6,097 | $21,282 |
| 3 | Sep 2029 | $1,373 | $6,571 | $14,711 |
| 4 | Sep 2030 | $863 | $7,081 | $7,631 |
| 5 | Sep 2031 | $314 | $7,631 | $0 |
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Average US Auto Loan Rates
By credit score (2026)
New Car · Excellent (720+)5.5% – 7.5%
New Car · Good (660-719)7.5% – 10%
Used Car · Excellent7% – 9%
Used Car · Good9% – 12%
Subprime (below 600)12% – 20%
Rates vary by lender, term, and vehicle age. Always shop at least 3 lenders — including your bank, credit union, and dealer financing.
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Save Money on Your Auto Loan
Smart tips for US buyers
- ✓Get pre-approved before visiting the dealer
- ✓Put at least 20% down to avoid being upside-down
- ✓Choose 60 months or less if you can afford it
- ✓Improve credit score — 30 points saves thousands
- ✓Skip dealer add-ons like paint protection & GAP (unless needed)
- ✓Buy a 1–2 year old car to skip the steepest depreciation
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