Auto Loan Calculator

Calculate your monthly payments, total interest, and explore payment options

What This Tool Does

Calculate your monthly auto loan payment, total interest, and see detailed amortization schedules showing how each payment is split between principal and interest.

Who Should Use This

Anyone considering an auto loan - whether you're buying new, used, or refinancing. Perfect for comparing different loan terms and rates.

What You'll Get

Monthly payment amount, total interest paid, full payment schedule, and visual breakdowns showing exactly where your money goes.

1Enter Loan Details

Loan Amount$25,000

$1,000$150,000

Loan Term (months)60 months

12366084

Interest Rate

The annual percentage rate (APR) of your loan.

4.5%

0.1%10%20%

Extra Monthly Payment

Additional payment applied to principal each month.

$0$500$1,000

Compare with another rate

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2Loan Summary

Monthly Payment$466

Total Interest$2,965

Total Cost$27,965

3Loan Visualization

Add an extra monthly payment to see how much faster you could pay off your loan and reduce your total interest costs.

Key Financial Tips

Save Money

✓Make extra payments to reduce interest and loan term
✓Shop around for the lowest interest rates
✓Consider a larger down payment to reduce principal
✓Maintain good credit to qualify for better rates
✓Avoid extending your loan term unnecessarily

Watch Out For

✗Hidden fees and prepayment penalties
✗Focusing only on monthly payment, not total cost
✗Longer loan terms that increase total interest
✗Add-on products that increase your loan amount
✗Dealer markup on interest rates

Key Takeaway

Adding extra to your monthly payment can significantly reduce your total interest and loan term. Try adjusting the extra payment slider to see the impact.

What's Next?

Now that you understand your loan costs, take these next steps to get the best deal.