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Auto Loan Calculator - Monthly Car Loan Payment Calculator

Calculate your monthly car payment estimate on a used car loan or a new car loan and find a great deal on a vehicle near you.

Car payment calculator estimate

To see the average interest rate in your state, visit our interactive Car Loan Rates in the U.S. for Used and New Cars page.

Amount Financed
Est. Payment


Zip Code
(for rates and pricing in Ashburn, VA)

Vehicle Details

Look up the vehicle you’d like to buy or enter the price below
Vehicle Sales PriceThe selling price of the new or used vehicle for monthly loan payment calculation.
(with typical options)
Sales tax rateEstimated sales tax rate for the selected zip code applied to the sales price.
(by state)
Sale tax amount:
Title and registrationAdd title and registration here to include them in your estimated monthly payment.
Cash IncentivesAvailable incentives and rebates included in the monthly payment estimate.

Trade-In and Down Payment

Enter the details of your Trade-in to receive the most accurate calculation.
Value of Your Trade-inThe value of your currently owned vehicle credited towards the purchase or lease of the vehicle you are acquiring. If you select a vehicle using the "Value your trade-in" button, the value displayed in the calculator will be the True Market Value trade-in price for a typically-equipped vehicle, assuming accumulated mileage of 15,000 miles per year.
Amount Owed on Your Trade-inThe remaining balance on a loan for your trade-in will be deducted from the trade-in value.
Cash Down PaymentThe cash down payment will reduce the financed loan amount.


Loan term
Interest rateGenerally available financing interest rate for the estimated loan payment.

Estimated monthly car payment

Amount financed
Estimated monthly car payment

Use the Edmunds Auto Loan Calculator to Determine or Verify Your Payment

You're gearing up to buy your next car but aren't sure what the monthly car payment will look like. Getting to a monthly payment usually involves some math, but the good news is that the Edmunds auto loan calculator will do the heavy lifting for you.

Let's say you have your eye on a compact car or SUV. Choose the make and model you want, or alternatively enter the vehicle's price into the auto loan calculator. It will ask for a few other details such as the down payment, the loan term, the trade-in value and the interest rate. After that, it will calculate the compound interest, estimate tax and title fees, and display the monthly payment.

This car loan calculator will help you visualize how changes to your interest rate, down payment, trade-in value, and vehicle price affect your loan. Take some time to experiment with different values to find an auto loan setup that works best for your budget.

Consider All Aspects of the Loan

The monthly payment is the best indicator of how the car loan will impact your budget. It can give you a reality check on whether you can afford the vehicle. And though this figure is the easiest to understand, it isn't the only number to be aware of.

It is also important to be aware of how much the loan will total, how much of a down payment you're making, and how long the loan will be. The general rule for each of these is as follows:

Your loan payment should be no more than 15% of your take-home pay. The loan term should ideally be less than 72 months, and you should aim for a down payment of at least 10% or consider GAP insurance.

Keep in mind that everyone's situation will be different, so these recommendations are not set in stone. Furthermore, these figures will differ for those who lease, so take a look at our articles for information specific to that scenario.

When you obtain a monthly payment, be it from a price quote, negotiation or advertised special, make sure you are aware of all the numbers behind it. What good is a low payment if it takes you 84 months to pay off the loan? Is the selling price for the car a good deal? What about the trade-in amount the dealership is offering for your car? Ask for the "out-the-door" figures from your salesperson and review them before making a decision.