Auto Loan Calculator
Calculate your auto loan payments with our free calculator. Include down payment and trade-in value for accurate estimates.
Frequently Asked Questions
Should I make a down payment on my auto loan?
Yes, making a down payment reduces the amount you need to finance, which lowers your monthly payment and total interest paid. A 20% down payment is typically recommended.
How does my trade-in affect my auto loan?
The value of your trade-in vehicle is subtracted from the purchase price, reducing the amount you need to finance.
What is a good interest rate for an auto loan?
Auto loan rates vary based on credit score, loan term, and market conditions. Generally, rates between 3-7% are considered good, but this varies.