Car Loan Payment Calculator

Estimate your monthly car payment instantly with our free Auto Shopping IQ calculator.
Just enter your vehicle price, down payment, loan term, trade amount, payoff, interest rate, and loan term to see what fits your budget — before you buy.

AutoShoppingIQ — Purchase Calculator

Purchase Details

Retail Price (MSRP) ($) Savings ($) (discount off MSRP) Sales Price ($) (auto from MSRP − Savings; editable) Trade Allowance ($) Trade Payoff ($)

Trade Equity: $0.00

Accessories ($) Service Contract ($) GAP Insurance ($) Government Fees ($) Proc/Doc Fees ($)

Sales Tax Rate (%)

Apply trade-in tax credit i In some states, your taxable amount is reduced by the trade-in value. If enabled, we tax (Sales + Accessories + Service + GAP − Trade Allowance).

Override tax amount manually

Total Taxes ($) (auto unless overridden) Rebate ($) Cash Down ($)

Summary Insight — Total Amount Financed

$0.00

After cash down, trade equity, and rebates applied.

Summary Insight — Total Out-the-Door Amount (1) iThis represents your total purchase cost before any cash down payment is applied.

$0.00

Summary Insight — Total Savings (2) iIncludes all manufacturer rebates and dealer discounts off MSRP.

$0.00

Includes $0.00 discount + $0.00 rebate.

Retail Price (MSRP): $34,195 • Sales Price: $34,195 • Total Taxes: $2,308 • Total Sales Price: $36,928 • Total Out-the-Door: $36,928 • Amount Financed: $36,928

Payment Options (Preset Terms, Editable APRs)

Term 1 (months)

APR 1 (%)

Term 2 (months)

APR 2 (%)

Term 3 (months)

APR 3 (%)

Scenario Down A ($)

Scenario Down B ($)

Scenario Down C ($)

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

(1) Total Out-the-Door = price before any down payment. (2) Total Savings = total of dealer discount and manufacturer rebate.

Enter the vehicle price, down payment, loan term, and interest rate.
Select your local sales tax rate if applicable.
Click Calculate Payment to see your estimated monthly cost.
Adjust any input to instantly update your estimate.
Enter different “Down payment” amounts and click “Update Payment table” for multiple payment options

FREQUENTLY ASKED QUESTIONS

How is my car payment calculated?
Your payment depends on your loan amount, interest rate, term, and sales tax. The calculator uses standard amortization formulas for accuracy.
Does this include taxes and fees?
Yes, you can add your local tax rate to get an out-the-door estimate.
What is a good car payment for my income?
Many experts suggest keeping your car payment under 15% of your monthly take-home pay.
Can I use this for used cars?
Absolutely — enter the used vehicle’s purchase price and any applicable loan rate

Not what you are looking for? Try our Purchase worksheet to give a complete “out the door” calculation of any new or used purchase. Have complete confidence when you’re shopping.

If trying to figure out what interest rate and deal is important to you, try the Interest rate comparison tool. Compare up to three lenders side‑by‑side: payments, total interest, and payoff curves. Both include PDF downloads for your comparison.