Auto Loan Calculator
Monthly payment, total cost of ownership, and payoff acceleration with extra payments.
Monthly payment
$0
Total interest
$0
Total loan cost
$0
True cost of car
$0
Vehicle & loan
Vehicle price ($)
Down payment ($)
Trade-in value ($)
Sales tax (%)
6.25%
Annual interest rate
7.5%
Loan term
24 months (2 yr)
36 months (3 yr)
48 months (4 yr)
60 months (5 yr)
72 months (6 yr)
84 months (7 yr)
Ownership costs (optional)
Annual insurance ($)
Annual maintenance ($)
Annual fuel / charging ($)
Annual registration / fees ($)
Depreciation & extra payments
Depreciation (year 1 %)
20%
New cars typically lose 15–25% in year 1
Subsequent depreciation (%/yr)
12%
Extra monthly payment ($)
Applied to principal to pay off faster
With extra payment vs. standard
Interest saved
—
Months saved
—
Loan balance vs. vehicle value
Loan balance
Vehicle value
Underwater (owe > value)
Payment schedule
Month
Payment
Principal
Interest
Balance
Car value