Global Araç
Car Loan Calculator
Aylık ödeme
$701.33
Toplam ödeme
$42,079.69
Toplam faiz
$7,079.69
Kapanış tarihi
Jun 2031
Kapanış zaman çizelgesi
60 mo
A free car loan calculator tuned to the inputs actually printed on a dealer’s financing sheet: vehicle price, APR, and term in years. It returns the monthly payment and — more importantly — the total interest you’ll pay before you own the car. Knowing that number up front is the single best thing you can do to negotiate well.
A $35,000 car loan at 7.5% for 5 years costs $702/month and $7,100 in interest. Stretch that same loan to 7 years and the monthly drops to $538 — but total interest jumps to $10,200. Longer term, lower payment, more total cost. Run both before you sign. Pair with our budget guide.
Nasıl Kullanılır
- Enter the vehicle price (after any down payment and trade-in).
- Enter the APR from your lender or pre-approval.
- Enter the term in years — 5 is typical, 6-7 is common but costly.
- Read monthly payment and total interest; compare across terms.
Ne Zaman Kullanılır
- Any fixed-rate auto loan — new car, used car, refinance quote.
- Before walking into a dealership, so you have a number in your head.
Ne Zaman Kullanılmaz
- Leases — those use money factor and residual value, not APR.
- Variable-rate or promotional APR loans where the rate changes mid-term.
Yaygın Kullanım Senaryoları
- Comparing the dealer’s financing offer vs a credit union pre-approval.
- Deciding between a 60-month and 72-month loan.
- Budgeting a realistic monthly car payment before shopping.
Örnek
Price: $35,000 APR: 7.5% Term: 5 years
Monthly: $701.89 Total paid: $42,113 Total interest: $7,113
A 7-year term drops the monthly to $538 but raises total interest to $10,185 — $3,072 more.
Sık Sorulan Sorular
Should I finance through the dealer or a credit union?
Credit unions almost always win on APR. Get pre-approved before you walk in; use the dealer’s offer only if they actually beat it.
Is 7.5% a good auto loan rate?
Depends on credit tier and year. Excellent credit typically gets rates a few points below average; subprime borrowers pay considerably more. Check current national averages before assuming your rate is good.
How much should I put down on a car?
Conventional advice: 20% on a new car, 10% on used. Real-world: 10% down on either is acceptable if your monthly payment fits the 20/4/10 rule (20% down, 4-year max term, 10% of monthly income). Less than 10% down on new cars usually means you're underwater (loan exceeds car value) for the first 1-2 years due to depreciation. Putting more down reduces interest but ties up cash that could be in higher-return investments. Don't put down so much that you drain emergency funds.
Should I buy new or used?
New car loses 20-30% of value in year 1, 50% by year 5 (depreciation). Used (2-4 years old) gets you a 30-50% discount on a car with most of its useful life remaining. Certified pre-owned (CPO) adds dealer warranty for $500-2K premium. Math favors used: a $35K new car is a $20K 4-year-old car for ~50% less. The downsides: limited inventory of specific models, slightly higher repair risk, may not include latest safety features. For long-term ownership (8+ years), the new vs. used gap narrows.
What's the longest auto loan term I should take?
60 months max for new cars; 48 months max for used. 72-month and 84-month terms are increasingly common but cost thousands more in interest and leave you underwater longer. The 'longer term, lower payment' trap costs an average buyer $1,500-3,000 in extra interest over the loan. If you can't afford the car at 60 months, you can't afford the car. Consider a cheaper vehicle or save more down payment.
How does my credit score affect my auto loan rate?
FICO 740+: 5-7% rate (prime). 670-739: 7-10% rate (good). 580-669: 11-15% rate (subprime). Below 580: 15-22% rate (deep subprime). The credit-score gap on a $30K, 5-year loan: 5% rate = $566/mo, 12% rate = $667/mo, 18% rate = $762/mo. Total interest: $3,968 vs $10,036 vs $15,720. Improving credit by 100 points before buying often saves $5K-10K. If your score is below 670, wait 6-12 months and rebuild credit before financing.