Auto Loan Calculator

Estimate your car payment with trade-in, down payment, and sales tax included.

Vehicle & Loan Details

Vehicle Price ($)

Down Payment ($)

Trade-In Value ($)

Interest Rate (%)

Sales Tax (%)

Loan Term

Monthly Payment

$586.85

Loan Amount

$32,450

Sales Tax

$2,450

Total Interest

$2,761

Total Cost

$35,211

Cost Breakdown

How to Get the Best Auto Loan Rate

Average Auto Loan Rates (2025)

Credit Score	New Car	Used Car
750+ (Excellent)	4.5%	5.5%
700-749 (Good)	5.5%	7.0%
650-699 (Fair)	8.0%	10.5%
Below 650	12%+	15%+

Tips to Save on Your Car Loan

Get pre-approved from your bank or credit union before visiting the dealer
Keep the term under 60 months — longer terms mean more interest
Put 20% down to avoid being underwater on the loan
Negotiate the price first, then discuss financing separately
Check your credit score at least 30 days before applying