Auto loan calculator
An auto loan calculator estimates your monthly car payment from the price, down payment, trade-in, sales tax, fees, APR and term. It rolls negative equity from a trade-in into the new loan and applies the trade-in sales-tax credit most states offer, so you see the true amount financed.
Monthly payment
$541.53
How this estimate is calculated
The amount financed is the vehicle price plus sales tax and fees, minus your down payment and net trade-in (trade-in value less anything still owed, which can be negative). Most states tax the price minus the trade-in, which we apply by default. We then amortize the financed amount at your APR over the term to get the monthly payment, total interest and all-in cost.
See our full methodology for assumptions, limits and the 2026 data used.
Sources
- Experian State of the Automotive Finance Market (as of 2026-02-28)
- 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
How does a trade-in lower my payment?
Its equity (value minus any loan balance) reduces the amount you finance, and in most states it also reduces the taxable price. If you owe more than the trade is worth, that negative equity is added to the new loan instead.
Should I take a longer loan term for a lower payment?
A 72- or 84-month term lowers the monthly payment but raises total interest and the time you’re underwater on the car. The calculator shows both, so compare the all-in cost across terms, not just the monthly figure.