Estimate your monthly car payment and the total interest you will pay, and see how a longer or shorter loan term changes the cost.
Same amount financed and interest rate, different terms.
| Term | Monthly payment | Total interest | Total of payments |
|---|
Monthly payment = amount financed x monthly rate / (1 - (1 + monthly rate) raised to the negative number of months), where the amount financed is the vehicle price plus sales tax, minus your down payment and trade-in. The estimate does not include fees, taxes on a trade-in credit, insurance, or add-ons, and your lender's figures may differ slightly. This calculator is for educational purposes and is not financial advice.
