Auto Loan Calculator
Auto loan payment from price, down payment, trade-in and rate.
How it works
Loan = price − down − trade-in; payment via amortized formula
Trade-in reduces the loan directly. Shorter terms mean higher payments but less interest.
Worked example
Car price 200,000, 20% down, loan 160,000 at 5% over 5 years:
Down payment 40,000, payment ≈ 3,019, total ≈ 181,000, interest ≈ 21,000.
At 30% down (loan 140,000) the payment drops to ~2,642 and interest falls by ~2,600.
Notes and limitations
Auto loans often bundle insurance, extended warranties and fees, so the effective rate can exceed the headline. For total cost of ownership, include insurance, maintenance and depreciation — first-year depreciation often dwarfs the interest.