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Estimate your monthly auto loan payment for a car or truck
Use this auto loan calculator to estimate your payment from the amount you finance, APR, and term. “Auto loan” and “car loan” usually mean the same thing—see our car loan calculator for an alternate layout. For other borrowing, try the general loan calculator, personal loan calculator, or mortgage calculator.
Monthly Payment
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Total Payment
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Total Interest
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This auto loan calculator provides an estimate for informational purposes only. Return to the LoanWise home page for our full loan calculator.
An auto loan is installment credit secured by your vehicle (in most cases). Your monthly payment is driven by three things: how much you borrow, the annual percentage rate (APR), and the repayment term in months. Longer auto loan terms shrink the monthly payment but often raise total interest. LoanWise uses the same standard amortization lenders use for fixed-rate auto loans. If you put money down or trade in a vehicle, subtract that from the vehicle price before entering the amount so the figure matches your financed balance.
Shop your auto loan before you settle on a dealer finance offer—banks, credit unions, and online lenders may beat captive rates. Check whether the rate is fixed for the full term, ask about origination or documentation fees, and confirm there is no penalty for early payoff if you plan to pay ahead. For a second opinion on payment math, use our car loan calculator; it uses the same formula. Read more on our About page.