Car Loan Calculator
Calculate your monthly car payments and see the total cost of your auto loan.
Vehicle Details
Payment Summary
Monthly Payment
$512
for 60 months
Cost Breakdown
Vehicle Price$30,000
Sales Tax (6%)$1,800
Total Vehicle Cost$31,800
Down Payment-$5,000
Loan Amount$26,800
Total Interest$3,915
Total Cost of Ownership$35,715
Car Buying Tips
- • Aim for a down payment of at least 20% of the car's value
- • Keep your monthly car payment under 15% of your take-home pay
- • Shorter loan terms (36-48 months) save money on interest
- • Get pre-approved for a loan before visiting the dealership
- • Consider the total cost, not just the monthly payment