Car Loan Calculator
Select a car model and calculate your loan payments
Loan Type
Select your preferred loan structure
Loan Details
Enter your loan information
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$5,000$150,000
$
$0$7,000
Down Payment: 0.0% of loan amount
years
1 year7 years
Payment Summary
Monthly Payment
$863
Loan Amount
$10,000
Total Interest
$350
Total Cost
$10,350
Payment Breakdown
Principal
$10,000Interest
$350Term
1 year (12 payments)Total Cost
$10,350Financial Tips
A 20% down payment helps avoid being "upside down" on your loan.
Shorter loan terms usually mean lower interest rates and less total interest.
Consider refinancing if interest rates drop significantly after you take out your loan.
Total car costs (loan payment, insurance, maintenance) should not exceed 15-20% of monthly income.
Making extra payments toward principal can significantly reduce your total interest paid.