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Use this online tool to estimate the total price, monthly payment, interest rate, and other fees for your auto loan. Enter the auto price, loan term, interest rate, cash incentives, down payment, trade-in value, and state sales tax to see the amortization schedule and loan breakdown.
Use this tool to see how vehicle price, interest rate, down payment and other factors affect your car loan cost. Compare lenders and get tips on how to save money on your auto loan.
Dec 5, 2023 · Use this calculator to compare auto loan rates and terms for different vehicles and interest rates. Learn how to save money on car financing, leasing, rebates and more.
Estimate your monthly car loan payment based on loan amount, term, interest rate and other factors. Learn how to get prequalified, save with Preferred Rewards and improve your credit score for auto loans.
Use this tool to estimate your monthly car loan payments based on car price, credit rating, down payment, trade-in value and loan term. See how interest rate and sales tax affect your total loan amount and interest paid.
- How do car loans work?When you secure a car loan from a financial institution, you borrow the money required to purchase the car and pay it back over time with an annual...
- What’s the term on a car loan?The car loan term is the length of time that you’ll be paying back the amount of money you borrowed. This typically ranges from 12 to 84 months in...
- What’s the interest rate on a car loan?The car loan interest rate is an annual percentage of the amount of money that you finance. It serves as the price you pay for borrowing money from...
- What’s sales tax on a car purchase?Sales tax is a percentage of the car price that you owe to your state and county in which you’ll be registering your vehicle. This means that you’l...
- What additional fees will I incur from a car purchase?Other than sales tax, here are some additional fees that you might be responsible for when you purchase a vehicle: Destination: The destination fee...
- What's the trade-in value of a car?A car’s trade-in value is the amount of money that a dealership is willing to pay for your car when you purchase a new one. There are important ste...
- Can I pay off a car loan early?You typically can pay off a car loan early if it makes sense for your situation but be sure to check your financial documents first to ensure that...
- Can I refinance a car loanYes, you can refinance a car loan, but you should run the numbers to ensure that refinancing makes sense for your situation. Refinancing a car loan...
Calculate your monthly car payment estimate on a used car loan or a new car loan with interest rate, loan term, down payment and trade-in value. Compare different scenarios and find a great deal on a vehicle near you with Edmunds.
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May 20, 2024 · To calculate your auto loan: Calculate the amount you need to finance your car. Find the annual interest rate offered by your bank on auto loans. Decide on the loan term (typically 1-5 years). Divide the loan amount by your loan term, multiply the result by the annual interest and multiply that by the loan term.
