How to Use

1
Enter the vehicle price - the sticker or negotiated price.
2
Enter your down payment and trade-in value (if any). Both reduce the loan amount.
3
Enter the interest rate and select a loan term.
4
Click Calculate Payment to see your monthly payment and total cost.

FAQ

A common guideline is 20% for new cars and 10% for used cars. A larger down payment reduces your monthly payment and total interest paid.

Shorter terms (3-4 years) mean higher monthly payments but less interest overall. Longer terms (5-7 years) are more affordable monthly but cost more in total interest. Avoid terms longer than the car's expected useful life.