The car payment calculator determines your monthly auto loan payment and shows the total cost including interest. Essential for budgeting and comparing financing options.
Enter loan amount, interest rate, and term in months. The calculator shows monthly payment, total amount paid over the loan, and total interest costs.
Understanding the full cost of financing helps you compare offers from different lenders, decide on down payment amounts, and choose between different loan terms.
Quick Tips
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Frequently Asked Questions
Varies with credit; 3-6% is typical for good credit, higher for subprime.
Longer terms have lower payments but higher total interest.
20% down is recommended to avoid being underwater on the loan.
No, add insurance, registration, and maintenance separately.
Usually yes, but check for prepayment penalties.