$30,000 car loan payment
Financing $30,000 for a car at the average 7.5% rate in United States costs about $601 a month over 60 months, with roughly $6,068 in interest. Longer terms lower the payment but cost more overall — compare below.
How it breaks down
| 48-month term | $725/mo · $4,818 interest |
|---|---|
| 60-month term | $601/mo · $6,068 interest |
| 72-month term | $519/mo · $7,347 interest |
Monthly payment
$504.87
How this estimate is calculated
We amortize $30,000 financed at the 7.5% average US car-loan rate (Federal Reserve G.19 (Consumer Credit)) across each term. This is the amount financed only — the full calculator also factors your down payment, trade-in, tax and fees.
See our full methodology for assumptions, limits and the 2026 data used.
Sources
- Federal Reserve G.19 (Consumer Credit) (as of 2026-02-28)
- Written by
- Colson — Founder & consumer-finance researcher, ColsonSuperApps LLC
- Verified
- Every figure checked against its cited primary source
- Last updated
- June 14, 2026
- Standards
- Editorial policy
These results are educational estimates based on the figures you enter and standard financial math, not financial advice or an offer of credit. Your actual rate, payment and terms depend on your credit, lender and other factors. Verify any number with the lender before you act.
Frequently asked questions
What is the monthly payment on a $30,000 car loan?
At the average 7.5% rate, $30,000 runs about $725 a month over 48 months or $519 over 72 months.
Is a longer car loan term a good idea?
A longer term lowers the monthly payment but raises total interest and keeps you underwater on the car longer. Compare the all-in interest across terms, not just the monthly figure.