Auto Loan Calculator

Buy a Car

Please enter your loan values below to calculate your monthly payment.
Your Loan Results Based on the values you entered, here is the monthly payment:
APR* Loan Term Loan Amount Monthly Payment
*APR is the Annual Percentage Rate. Rates depend on the individual's excellent and substantial credit and key loan characteristics, including amount, term, vehicle age. A representative example of payment terms are as follows: a loan amount of $20,000 with an APR of 7.50% and a term of 70 months, would have a monthly payment of $353.63 with no down-payment required.
Please enter your loan values below to calculate your loan amount.
Your Loan Results Based on the values you entered, here is the monthly payment:
APR* Loan Term Monthly Payment Loan Amount
*APR is the Annual Percentage Rate. Rates depend on the individual's excellent and substantial credit and key loan characteristics, including amount, term, vehicle age. A representative example of payment terms are as follows: a loan amount of $20,000 with an APR of 7.50% and a term of 70 months, would have a monthly payment of $353.63 with no down-payment required.

Want to take the mystery out of auto financing?

Use an Online Car Loan Calculator.

If you are thinking about buying a car but are confused about how auto financing works, using an Online Car Loan Calculator can help. Auto financing involves much more than just taking the cost of the vehicle and breaking it into monthly payments. You also have to understand how interest rates and loan terms work.

Car Loan CalculatorUsing our calculator will let you see exactly how changing interest rates or loan terms will affect your monthly car payment. You can also use an it to help determine a price range for vehicles you should be looking at to be sure your car payment fits into your monthly budget.

The calculator is a valuable tool for anyone who plans to purchase a vehicle. If you would like to see how it works, go to RoadLoans.com and enter the sample information below:

If you plan to purchase a vehicle for $15,000 (taxes, tag and title included) and finance the purchase for 48 months at an interest rate of 7.5 percent, you want to know what your estimated monthly payment will be.

Using the calculator you enter 7.5 as the APR, 48 for the loan term in months, $15,000 as your loan amount and click “calculate”. Instantly, it will tell you that your monthly payment would be $362.68. Now try changing any one of those values and see what happens to your monthly payment. In general, a higher interest rate or shorter loan term will make your payment higher. A lower interest rate or longer loan term will make your payment lower. This is true even though the cost of the vehicle stays the same.

You can also use the calculator if you know what you can afford for a monthly payment, but you don’t know how much you can spend on the car. In this case you will enter the interest rate (APR) for your loan, the length of the loan in months and the maximum you would like to spend on your car payment. Click “calculate” and the it will give you a loan amount. That amount is the most you should spend on a vehicle with those loan terms to get that monthly payment, unless, perhaps, you provide a larger down payment. Also, keep in mind that your actual interest rate may be different, and that will affect your monthly payment as well.

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