FREENo LoginInstantBrowser-Only
Car Loan Calculator
Enter the vehicle price, down payment, interest rate, and term to calculate your auto loan payment.
All calculations run in your browser — nothing stored or sent. More free tools · Etsy Shop
Frequently Asked Questions
What is a good interest rate for a car loan?
New cars: 4-7% for good credit (720+). Used cars: 6-11%. Credit unions often offer 1-2% lower than dealerships. Always get pre-approved at your bank or credit union before visiting a dealership — it gives you a benchmark to negotiate against.
Is it better to put more money down on a car?
Yes for two reasons: lower monthly payment and less interest paid over the loan life. However, if you have high-interest debt, paying that down first may save more than a car down payment. A 20% down payment on a new car avoids being ‘underwater’ (owing more than the car is worth).