Finance

Auto Loan Calculator

Find a car loan's monthly payment.

Vehicle price ($)

Down payment ($)

Trade-in value ($)

Annual rate (%)

Term (years)

Calculated Output

Monthly payment ($) 495.03

Loan amount ($) 25,000

Total interest ($) 4,701.8

Formula: amortized payment on (price − down − trade-in)

Step-by-Step Breakdown

1. Values used:

2. Vehicle price = 30,000 $

3. Down payment = 5,000 $

4. Trade-in value = 0 $

5. Annual rate = 7 %

6. Term = 5 years

8. Monthly payment = 495.03$

9. Loan amount = Vehicle price - Down payment = 30,000 - 5,000 = 25,000$

10. Total interest = 4,701.8$

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The math behind it

Loan = price − down − trade-in; payment uses the standard amortization formula.

$30k, $5k down, 7%, 5 yr → ~$495/mo.

Taxes/fees?

Add them to the price for a more accurate loan amount.