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Car Loan Calculator

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Calculate Your Car Loan

Down Payment

Monthly Payment

Interest Rate

Loan Term

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I Can Afford:

Total Cost:

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Our calculator results provide you with an estimate of what you may be able to afford. Based on factors such as local interest rates, your credit score, and monthly income, you may qualify for more or less.

Now that you have an estimate of what you're able to afford, the next step is to apply with our fast and easy application. Within 48 hours, you can meet with one of our loan advisors and find out exactly what you can afford!

There is no doubt that a car loan calculator can help you when you are trying to finance a new or a used car. Our car loan calculator can help you figure out if your monthly payment amount is really the best offer that you can receive.

Car Loan Amount

In order to use our car finance calculator it is important for you to look up information and find out the auto loan amount that you need for your new or used car. The loan amount is the overall amount of money that you need from a lender in order to purchase the car. The overall car loan amount normally changes based on whether or not you have a down payment for the car. The auto loan amount can also include your plates, the taxes, warranties, and any other fees that you need to pay in order to obtain your car. Once you know the overall auto loan amount you can enter this amount into the required field on the car loan calculator.

Term of the Car Loan

Now you need to figure out what the term of the loan will be. Once you have figured out the term of the loan you can enter this number into the car payment calculator. Be sure to enter this number in the 'loan term' field. The car payment calculator will ask you for a number of months as opposed to a number of years. In order to figure out how long the loan is you can multiply the number of years that you are paying off the loan by twelve.

Car Loan Interest Rate

When it is time for you to enter your car loan interest rate, you should do so. The loan interest rate reflects your annual percentage rate. This rate is amount of money that you have to pay the lender for borrowing money from that lender. The interest rate has nothing to do with the principal of the loan.

Down Payment

You should also determine how much money you have to put down for the down payment. This normally affects the principal of the loan and how much you pay each month for the loan. The monthly payment is how much money you pay the lenders each month in order to pay off the loan. Enter the monthly payment amount in the required field.

Car Loan Calculator

There is no doubt that you can use our car finance calculator in order to figure out if you really have the best available car loan. Our calculator provides you the needed information based on your monthly income, your credit score, and interest rates in your area. After you receive the information, you can apply for a new loan if the loan you have is not something that you can afford.

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Do I Qualify?

18 years old or older?
Sorry, you need to be 18 years or older to qualify.
Earn $1,600 or more each month?
Sorry, you need to earn $1,600 or more each month.
Stable in your job and residence?
Sorry, you need to have a stable job and residence.
No repossessions within 1 year?
Sorry, you can't have repossessions within 1 year.
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Rates in as low as:

Source: Informa Research Services, Inc. New car loans rates are based on a 36 month term and $25,000 finance amount. Used car loan rates are based on a 36 month term and $20,000 finance amount. Applicant must have a Fico score > 760. Not every applicant will qualify.