Auto Refinance Calculator

It might be time to look at a different car loan.

Refinancing your car is all about going for the deal that works best for you. Use this auto refinance calculator to run the numbers and see what it will take to move to the next step.

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The Refinance Option

Fill in the boxes below to discover if you can save money by refinancing your current vehicle.

Current loan

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New loan

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Monthly payment saving

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Monthly payment

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Interest saving

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Interest payment

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How Much Car Can I Afford?

Great question. Fill in the boxes below to help with the answer and determine what price you can afford to pay for a car.

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mo
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You can afford a car up to

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By the Numbers

Need a little help with your monthly budget? Fill in the boxes below to see just how much you are spending.

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Monthly expenses

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$
$
$
$
$

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Your monthly budget is

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A Little Extra

Fill in the boxes below to see how putting additional money toward your monthly auto loan can affect your payment.

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mo
%
mo
$
$

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Loan term shortened by

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Total interest saving

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Estimate your monthly new or used car loan payment

This tool can help you figure out how much you might spend each month for your car.

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mo
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$

Please check the numbers


Your monthly payment would be

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Change in Cost

To see the potential savings in fuel cost from your current vehicle to a new one, fill in the blanks below.

MPG
MPG
miles
$/gal
Avg. regular fuel price is

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Annual fuel savings with the new car

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*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.

Refinancing an auto loan has the potential to change the terms of anyone’s car loan, and it all starts by running the numbers using an auto refinance calculator to see what is possible.

There is a key concept that many people look for in an auto loan: lower. Usually this means either lower payments or a lower APR (annual percentage rate). If either of these is achieved through refinancing, they may possibly result in lower payments.

When exploring this as an option, the easy way to get informed is to simply use the car refinance calculator above to find out what numbers would be required, in all of the key variables, to result in a refinanced car loan that works right for you.

You can think of an auto refinance calculator as a financial simulator that you can use to test the waters and see how different interest rates and loan terms will impact your monthly payment and overall loan.

Once you calculate the numbers using your existing loan terms, and then look at how changing the variables changes the loan, you can become ready to make an informed decision.

And when you see the deal you’re looking for apply here, and see what RoadLoans can offer you.

These statements are merely informational suggestions only and should not be construed as legal, accounting, or professional advice, nor are they intended as a substitute for legal or professional guidance.

RoadLoans is not a credit counseling service and makes no representations about the responsible use of or restoration of consumer credit.