Auto Loan Calculator

Enter your auto loan amount, annual interest rate and loan term to calculate your monthly payment.

%
months

Formula

Monthly Payment = P × r × (1 + r)^n / ((1 + r)^n − 1), where P is the loan amount, r is the monthly interest rate, and n is the loan term in months.

Example

A 30,000 auto loan at 6.5% over 72 months has a monthly payment of roughly 503.

Frequently Asked Questions

Is this the same as the Car Loan Calculator?
Yes, both use the same amortized-loan math — this page is just an alternate name for the same tool.