Auto Loan Calculator
Result
Auto Loan Calculator Estimate the monthly payment on a car loan along with the total interest and total amount you'll repay. Enter the amount financed (vehicle price minus any down payment and trade-in), the annual interest rate (APR) and the loan term in — free online calculator.
Formula
- Auto Loan Calculator calculates its result from Principal, APR (%), Term (months). It uses the formula P*(apr_pct/1200)*(1+apr_pct/1200)^n/((1+apr_pct/1200)^n-1). Change any input to recalculate the result instantly.
- The main inputs are Principal, APR, Term. Enter them in the units and format shown in the calculator.
- Use monetary amounts, rates and time periods exactly as labeled; the result reflects the assumptions entered on this page.
- Changing any input above recalculates the result with the same calculation engine used by this page.
Example: Auto Loan
- Principal: 20000
- APR: 6 %
- Term: 60 months
Using Principal = 20000, APR (%) = 6, Term (months) = 60, the calculated result is 386.6560305886.
Sample result: Calculating…
Frequently asked questions
What does the Auto Loan calculate?
Auto Loan Calculator Estimate the monthly payment on a car loan along with the total interest and total amount you'll repay. Enter the amount financed (vehicle price minus any down payment and trade-in), the annual interest rate (APR) and the loan term in — free online calculator.
Which values should I enter?
Enter Principal, APR, Term using the units and format shown beside each field.
What formula does this calculator use?
The calculator uses the following relationship: P*(apr_pct/1200)*(1+apr_pct/1200)^n/((1+apr_pct/1200)^n-1).
Why might my result differ from another source?
Results can differ when another source uses different units, rounding rules, conventions or assumptions. Compare the inputs and definitions before comparing results.
Does the result update automatically?
Yes. Changing an input updates the result using the same calculation engine shown on this page.