Financing

When buying a car, you have 3 options: paying cash, getting a loan, and leasing. Besides being the simplest way to pay for a car, paying cash

Auto Loan Calculator

Price of Auto?:

Down Payment?:

Amount of Loan?:

Enter a "0" (zero) for one unknown value above.

Number of Months?:

Annual Interest Rate?:

Payment Method?:

Payment Amount:

Down Payment Pct.:

Total Interest:

Total P & I:

Original Size

Auto Loan Calculator Help

Use this calculator to calculate loan details when the down payment is expressed as an amount.

Unlike a general loan calculator, this calculator allows for two unknown values. In addition to solving for the monthly payment amount, it will also calculate the "Price of the Car", the "Down Payment Amount" or the "Amount of the Loan". Just enter a "0" (zero) for one of the three values and provide the other two.

Note that the calculator calculates what percentage the down payment is of the price of the car. This is handy when a lender requires a borrower to provide a minimum percentage cash deposit.

The term (duration) of the loan is expressed as a number of months.

60 months = 5 years
120 months = 10 years
180 months = 15 years
240 months = 20 years
360 months = 30 years

If you need the ability to print the amortization schedule, or more flexibility such as selecting different payment or compounding frequencies or the ability to calculate term or interest rate, please see the auto loan calculator here: https://financial-calculators.com/auto-loan-calculator

Currency and Date Conventions

All calculators will remember your choice. You may also change it at any time.

Clicking "Save changes" will cause the calculator to reload. Your edits will be lost.