Car shopping explained

AUTO SHOPPING STARTS HERE

Car Buying Tools & Calculators | AutoShoppingIQ

Compare car loans, leases, and affordability with free calculators. Make smarter auto shopping decisions with clear tools and guides from AutoShoppingIQ.

Simple Payment Calculator

Estimate your monthly car payment instantly with our free Auto Shopping IQ calculator.

Just enter your vehicle price, down payment, loan term, and interest rate to see what fits your budget — before you buy.

AutoShoppingIQ — Simple Loan Calculator

Amount Financed ($)

Down Payment ($)

APR (%)

Term (months)

Estimated monthly payment will appear here.

*All figures are estimates for educational purposes only. Actual rates, terms, and payments may vary by lender, dealer, and location.*

Get exact payments, compare payment terms and down payments, and calculate an accurate “Out the Door” total with the Loan Worksheet.

How much car can I afford?

Just enter your payment budget and see how much you can spend.

Enter your payment, tax rate, down payment, pick your term, and get your Maximum Vehicle price and "Out the Door" Totals

Desired Monthly Payment ($) Interest Rate (%) Loan Term (months)

Down Payment ($) Estimated Sales Tax (%)

Results

$0.00
Max Vehicle Price

Out-the-Door Price: $0.00

Total Amount Financed: $0.00

Monthly Budget: $0.00

With a $600.00 monthly budget over 60 months at 6.00% APR, you can afford up to $30,056.26 before taxes.

Fees NOT INCLUDED. All figures are estimates and provided for educational purposes only. Actual payments, residual values, and terms may vary by lender, dealer, and location.

Get accurate and detailed “OUT THE DOOR” calculations with our Purchase worksheet

Current Average Auto Loan Rates – Updated Daily from the Federal Reserve

Stay informed with the latest average car loan interest rates for new and used vehicles. These real-time averages are updated directly from the Federal Reserve (FRED) to help you compare financing options and make smarter car-buying decisions.

Current Average Auto Loan Rates

New Car — 60 mo

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New Car — 72 mo

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Used Car — 48 mo

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Source: Federal Reserve Bank of St. Louis (FRED.gov)

"I have been in car sales and sales management for over three decades. After tens of thousands of sales and transactions, this is the best of what I have learned"

- JB

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I will not sell you a car or ever ask you to buy one!

I have been in the car industry for 35 years and have been a part of tens of thousands of “car deals” and hundreds of thousands of customers over the years as a salesperson, a manager, and a finance manager. I have seen just about every type of deal/ translation that could take place at a dealership. So I am “that guy,” the “man behind the curtain,” the one the salespeople run to for answers and final approval.

Now I am here to help you better understand the business and find the right car for your needs at the best deal. So let’s fill in the blanks and provide you with information so you can make an informed decision.