Car Loan Calculator
Enter your vehicle details to estimate your payments. Results update as you type.
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- Loan Amount
- $23,000.00
- Monthly Payment
- $550.66
- Bi-weekly Payment
- $254.15
- Weekly Payment
- $127.07
- Total Interest
- $3,431.53
- Total Cost
- $26,431.53
This calculator is for illustration purposes only. Actual rates, terms and payments depend on your credit, the vehicle and lender approval, and do not include taxes or fees.
How Your Car Loan Payment Is Calculated
Your loan amount is the vehicle price minus your down payment and trade-in value. The calculator then applies standard loan amortization to that amount using your interest rate and loan term to find your monthly payment.
Bi-weekly and weekly payments are the monthly payment spread across 26 or 52 payments a year. A longer term lowers each payment but increases the total interest you pay, so compare a few terms before you apply.
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