Use this auto loan calculator with down payment and interest to easily estimate your monthly car loan payments. Whether you’re buying a new or used vehicle, this car financing calculator shows you how much you’ll pay monthly, including interest and principal breakdown. Plus, view the full amortization schedule to understand how your loan balance decreases over time.
Frequently Asked Questions
How do I calculate my monthly auto loan payment?
To calculate your monthly car loan payment, enter the car price, down payment, loan term in years, and interest rate into the calculator. The result shows your estimated monthly payment including principal and interest.
What is an auto loan amortization schedule?
An auto loan amortization schedule is a table that shows how each monthly payment is split between interest and principal, and how your loan balance reduces over time until it is fully paid off.
Can I use this calculator for used cars?
Yes, this auto loan calculator works for both new and used vehicles. Just enter the actual price of the car you’re purchasing and adjust the down payment and interest rate accordingly.