Car Payment Calculator

Use the car payment calculator to estimate your monthly auto loan payments before visiting the dealership. Factor in your down payment, trade-in value, interest rate, and loan term to get a realistic picture of what you can afford. Auto loan rates vary by credit score—excellent credit (750+) can secure rates under 4%, while lower scores may see 8-15%. Consider total cost of ownership including insurance, fuel, and maintenance. A common rule is keeping total transportation costs under 15-20% of gross income. Compare different loan terms: while 72-84 month loans have lower payments, you pay significantly more interest and may end up owing more than the car is worth (being "underwater"). A 48-60 month term usually offers the best balance of affordable payments and reasonable total cost. Get pre-approved by your bank or credit union before shopping to have negotiating leverage at the dealership.