Loan Calculator
Auto Loan Calculator
Calculate your monthly car payment, total interest cost, and full amortization for any auto loan.
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Fill in the fields and click Calculate.
For educational purposes only. Actual loan rates depend on credit score, lender, and vehicle type. Compare offers from multiple lenders before financing.
What credit score do I need for a good auto loan rate? +
Auto loan rates vary by credit score. Super prime (781+): 5–6%; Prime (661–780): 6–9%; Non-prime (601–660): 10–15%; Subprime (below 600): 15–25%+. Even a 1% rate difference on a $35,000 loan over 60 months costs about $1,000 in extra interest. Improving your credit score before buying can save thousands.
How much car can I afford? +
A common rule is to keep total vehicle costs (payment + insurance + fuel + maintenance) below 15–20% of take-home pay. The “20/4/10” rule suggests: 20% down, finance for no more than 4 years, keep total car costs under 10% of gross income. Longer loans lower monthly payments but dramatically increase total interest cost.