Car Payment Calculator
Quick monthly car payment estimate. For a full breakdown with tax and fees, use the Auto Loan Calculator.
Inputs
Result
Monthly payment
$483.32
Loan $25,000.00 · interest $3,999.20
Visual breakdown
Monthly
$483.32
Loan
$25,000.00
Interest
$3,999.20
Total paid
$28,999.20
Formula
Standard amortization: payment = P × r / (1 − (1+r)−n), where r = APR/12 and n = months.
Example
$28,000 car, $3,000 down, 6% APR, 60 months → ≈ $483/mo.
Related: Auto loan · Affordability · Loan payment
How to use
- Enter the price you'll actually finance.
- Term commonly ranges 36–72 months.
- For taxes, fees and trade-in, use the full Auto Loan Calculator.
When it's useful
- Sanity-checking a payment quote.
- Comparing two terms side-by-side.
- Estimating before you have all the numbers.
Common examples
$25k loan, 6% APR, 60mo
≈ $483/mo.
$25k loan, 6% APR, 72mo
≈ $414/mo — lower payment, more interest.
$0 down vs $5k down
Each $5k down ≈ $97/mo less at 6% / 60mo.
Frequently asked
Why is my real payment higher?
Sales tax, fees and rolled-over balances raise the financed amount. Try the Auto Loan Calculator for the full picture.
Is shorter term better?
Usually — less interest paid and you build equity faster, but the monthly payment is higher.
How much should I put down?
10–20% is a common target. More down lowers the payment and reduces being underwater early in the loan.
People also calculate
More money & work →Estimates only — not financial advice.