Auto Loan Calculator

Use this car payment calculator to estimate monthly payments on your next new or used auto loan. Simply enter the loan amount, term and interest rate to calculate your monthly auto loan payments. This calculator will help you determine how much car you can afford.

Auto loan amount:

Auto loan amount $

Auto loan term:

Auto loan term in years

Auto loan term

Term in months

Interest rate:

Interest rate per year %

Today's Rates

Auto loan start date:

Auto loan start date

$ Monthly payments

Adding

to your monthly auto loan payment

Adding

as an extra yearly auto loan payment occurring every…

Adding

as a one-time auto loan payment in…

Pay-Off Date

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Auto loan tip

Never cosign for an auto loan. Yes, they may need your help. Yes, they may be a great friend or your own flesh and blood. But it's never a good idea - especially if you aren't planning on having to pay off the entire loan when the person who signs for it defaults.

Before going to the car lot, try lining up your financing at a local credit union first. Credit unions often offer better rates than banks and financing companies at car dealerships. Once your financing is lined up, you'll know how much you can spend on a car.

Don't buy a car you can't afford. Too often car shoppers think about the final number they are willing to pay and don't factor in taxes, title fees and other expenses. These extras often add up to more than a buyer can comfortably pay.

Quality Assurance

Compare rates with confidence. Rates are accurate and available as of the date seen for Bankrate customers. Identify yourself as a Bankrate consumer to get the Bankrate.com rate.

If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you, please click here.

For an explanation of auto terms, click here. These rates are updated weekly. For criteria used in surveys of rates above, click here. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site, where you can find additional information. Bankrate.com rates banks, thrifts and credit unions through proprietary Safe & Sound star rating system. Rates are subject to change without notice and may vary from branch to branch.

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