Auto Loan Calculator
Calculate monthly car payments with trade-in and sales tax. Compare loan terms from 36 to 84 months.
By Konstantin Iakovlev · Updated September 2026 · Source: CFPB — Consumer Tools
Monthly Payment
$430.46
Total Interest
$3,827.32
Total Cost
$30,827.32
Loan Breakdown
| Vehicle Price | $25,000.00 |
| Sales Tax | $1,500.00 |
| Title & Registration | $500.00 |
| Total Vehicle Cost | $27,000.00 |
| Down Payment | $5,000.00 |
| Trade-in Value | $0.00 |
| Loan Amount | $22,000.00 |
| Loan Term | 60 months |
| Monthly Payment | $430.46 |
| Total Interest Paid | $3,827.32 |
| Total Amount Paid | $25,827.32 |
Use the Auto Loan Calculator above to calculate your results. Enter your values and see instant results — all calculations run in your browser.
Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.
How It Works
Before signing for a vehicle, it helps to know exactly what the monthly payment and the full cost of financing will be. Entering the loan details here gives you both figures, so you can see the size of the commitment up front and confirm the repayments fit your budget rather than discovering the strain later.
The estimate runs on the standard amortization formula used by lenders. It combines the principal loan amount, the annual interest rate, and the loan term in months to produce a fixed monthly installment that pays the balance down to zero by the end of the term.
Budget for the whole picture, not just the loan: insurance, registration, and maintenance all add to what a car really costs to own. It's also worth being cautious with very long terms — stretching the loan lowers the monthly payment but quietly pushes the total interest you pay much higher. On the tax side, interest on a loan taken out after 2024 to buy a new vehicle for personal use that had its final assembly in the United States may be deductible for 2025 through 2028, up to $10,000 a year, phasing out above $100,000 of modified AGI ($200,000 for joint filers).
Example: Buying a $25,000 Car
- 1 Enter a vehicle price of $25,000 with no down payment or trade-in, and set Sales Tax Rate and Title & Registration Fees to 0 under Advanced options so that exactly $25,000 is financed, at a 5% annual rate over 60 months (5 years).
- 2 The calculator applies the amortization formula: M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1], where M is monthly payment, P is principal, i is monthly interest rate (annual rate / 12), and n is total number of payments.
- 3 Your estimated monthly payment would be $471.78, and the total interest paid over the loan term would be $3,306.85.
- 4 This means you'd pay a total of $28,306.85 for the $25,000 car over five years. This information empowers you to compare different loan offers and make an informed decision.
Source: CFPB — Consumer Tools · Last updated: September 2026
Frequently Asked Questions
What is a good interest rate for a car loan in 2026?
Should I choose a 60-month or 72-month car loan?
How does a trade-in affect my car loan?
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