Auto Finance Calculator
Auto Loan Calculator works out Payment and Total interest from Vehicle price, Cash down payment and Trade-in value. The default figures on this page give payment of 601.14; change any entry and the result, the working and the sources update together.
Your figures
Updates as you typeHow this is worked out
4 steps
- Taxable amount = price minus trade-in = 35000
- Sales tax at 0% = 0
- Amount financed = price 35000 + tax 0 + fees 0 - rebate 0 - down 5000 - trade equity 0 = 30000
- Payment on 30000 at 7.5% = 601.14
Amortisation scheduletable
| period | payment | interest | principal | balance |
|---|---|---|---|---|
| 1 | 601.14 | 187.5 | 413.64 | 29,586.36 |
| 2 | 601.14 | 184.91 | 416.23 | 29,170.13 |
| 3 | 601.14 | 182.31 | 418.83 | 28,751.3 |
| 4 | 601.14 | 179.7 | 421.44 | 28,329.86 |
| 5 | 601.14 | 177.06 | 424.08 | 27,905.78 |
| 6 | 601.14 | 174.41 | 426.73 | 27,479.05 |
| 7 | 601.14 | 171.74 | 429.4 | 27,049.65 |
| 8 | 601.14 | 169.06 | 432.08 | 26,617.57 |
| 9 | 601.14 | 166.36 | 434.78 | 26,182.79 |
| 10 | 601.14 | 163.64 | 437.5 | 25,745.29 |
| 11 | 601.14 | 160.91 | 440.23 | 25,305.06 |
| 12 | 601.14 | 158.16 | 442.98 | 24,862.08 |
| 13 | 601.14 | 155.39 | 445.75 | 24,416.33 |
| 14 | 601.14 | 152.6 | 448.54 | 23,967.79 |
| 15 | 601.14 | 149.8 | 451.34 | 23,516.45 |
| 16 | 601.14 | 146.98 | 454.16 | 23,062.29 |
| 17 | 601.14 | 144.14 | 457 | 22,605.29 |
| 18 | 601.14 | 141.28 | 459.86 | 22,145.43 |
| 19 | 601.14 | 138.41 | 462.73 | 21,682.7 |
| 20 | 601.14 | 135.52 | 465.62 | 21,217.08 |
| 21 | 601.14 | 132.61 | 468.53 | 20,748.55 |
| 22 | 601.14 | 129.68 | 471.46 | 20,277.09 |
| 23 | 601.14 | 126.73 | 474.41 | 19,802.68 |
| 24 | 601.14 | 123.77 | 477.37 | 19,325.31 |
| 25 | 601.14 | 120.78 | 480.36 | 18,844.95 |
| 26 | 601.14 | 117.78 | 483.36 | 18,361.59 |
| 27 | 601.14 | 114.76 | 486.38 | 17,875.21 |
| 28 | 601.14 | 111.72 | 489.42 | 17,385.79 |
| 29 | 601.14 | 108.66 | 492.48 | 16,893.31 |
| 30 | 601.14 | 105.58 | 495.56 | 16,397.75 |
| 31 | 601.14 | 102.49 | 498.65 | 15,899.1 |
| 32 | 601.14 | 99.37 | 501.77 | 15,397.33 |
| 33 | 601.14 | 96.23 | 504.91 | 14,892.42 |
| 34 | 601.14 | 93.08 | 508.06 | 14,384.36 |
| 35 | 601.14 | 89.9 | 511.24 | 13,873.12 |
| 36 | 601.14 | 86.71 | 514.43 | 13,358.69 |
| 37 | 601.14 | 83.49 | 517.65 | 12,841.04 |
| 38 | 601.14 | 80.26 | 520.88 | 12,320.16 |
| 39 | 601.14 | 77 | 524.14 | 11,796.02 |
| 40 | 601.14 | 73.73 | 527.41 | 11,268.61 |
| 41 | 601.14 | 70.43 | 530.71 | 10,737.9 |
| 42 | 601.14 | 67.11 | 534.03 | 10,203.87 |
| 43 | 601.14 | 63.77 | 537.37 | 9,666.5 |
| 44 | 601.14 | 60.42 | 540.72 | 9,125.78 |
| 45 | 601.14 | 57.04 | 544.1 | 8,581.68 |
| 46 | 601.14 | 53.64 | 547.5 | 8,034.18 |
| 47 | 601.14 | 50.21 | 550.93 | 7,483.25 |
| 48 | 601.14 | 46.77 | 554.37 | 6,928.88 |
| 49 | 601.14 | 43.31 | 557.83 | 6,371.05 |
| 50 | 601.14 | 39.82 | 561.32 | 5,809.73 |
| 51 | 601.14 | 36.31 | 564.83 | 5,244.9 |
| 52 | 601.14 | 32.78 | 568.36 | 4,676.54 |
| 53 | 601.14 | 29.23 | 571.91 | 4,104.63 |
| 54 | 601.14 | 25.65 | 575.49 | 3,529.14 |
| 55 | 601.14 | 22.06 | 579.08 | 2,950.06 |
| 56 | 601.14 | 18.44 | 582.7 | 2,367.36 |
| 57 | 601.14 | 14.8 | 586.34 | 1,781.02 |
| 58 | 601.14 | 11.13 | 590.01 | 1,191.01 |
| 59 | 601.14 | 7.44 | 593.7 | 597.31 |
| 60 | 601.04 | 3.73 | 597.31 | 0 |
Yearly summarytable
| year | interest | principal | endingBalance |
|---|---|---|---|
| 1 | 2,075.76 | 5,137.92 | 24,862.08 |
| 2 | 1,676.91 | 5,536.77 | 19,325.31 |
| 3 | 1,247.06 | 5,966.62 | 13,358.69 |
| 4 | 783.87 | 6,429.81 | 6,928.88 |
| 5 | 284.7 | 6,928.88 | 0 |
Its 4 worked examples are re-run on every release, last on 15 September 2026. What changed
Sources and references
3 sources
Keep this result
Save it, change one figure, then compare the two
The calculation stays free. Save this scenario, adjust one assumption, save that too, and put them side by side to see exactly what the change costs you. A free account keeps 5 scenarios and 2 comparisons; Personal makes both unlimited and adds exports and private links. Nothing is saved unless you press Save.
What the Auto Loan Calculator calculates
Works out a vehicle loan payment from the price, down payment, trade-in, sales tax and fees, and shows the full cost of the financing.
How to use this Auto Loan Calculator
Enter Vehicle price, Cash down payment, Trade-in value and Balance still owed on the trade-in. Payment updates as you type, and “Use a worked example” loads checked figures you can adjust. Change one figure at a time to see what drives the result.
How the result is worked out
Open “How this is worked out” beside the result for the step-by-step calculation behind Payment, Total interest and Total of payments.
The method follows Standard annuity-immediate payment formula, PMT = P i / (1 - (1+i)^-n), 12 CFR Part 1026 (Regulation Z), Appendix J - Annual Percentage Rate Computations and Trade-in sales tax credit varies by state; most states tax price minus trade-in.
35,000 vehicle, 5,000 down, 7.5% over 5 years, no tax example
With Vehicle price: 35000, Cash down payment: 5000, Annual interest rate: 7.5, Loan term: 5, the calculator returns Amount financed: 30000, Payment: 601.14. This example is checked against an independent source in the test suite.
What you can compare
Change one input at a time to see how it affects Payment, Total interest and Total of payments. The inputs you can vary are Vehicle price, Cash down payment, Trade-in value, Balance still owed on the trade-in, Sales tax rate and Trade-in reduces the taxable amount.
Results are general information, not financial, tax, legal, medical or engineering advice. Check any decision that matters with a qualified professional.
See something wrong? Report a problem with this calculator
Frequently asked questions
What is the most accurate auto loan calculator?
The Auto Loan Calculator follows the stated method, but the result is only as reliable as Vehicle price, Cash down payment, Trade-in value, Balance still owed on the trade-in and Sales tax rate and the assumptions shown. Check the working and sources before relying on it for an important decision.
How much would a $30,000 car loan cost a month?
On the figures this page opens with — vehicle price 35,000, cash down payment 5,000, annual interest rate 7.5% and loan term 5 years — the payment is 601.14. No single number fits everyone: change any figure above and the answer updates as you type, with each step of the arithmetic beside it.
How much is a $70,000 car payment for 72 months?
It needs Vehicle price, Cash down payment, Trade-in value, Balance still owed on the trade-in, Sales tax rate and Trade-in reduces the taxable amount. Nothing else is required, and the figures stay in your browser.
What is a good APR for a 72 month car loan?
Works out a vehicle loan payment from the price, down payment, trade-in, sales tax and fees, and shows the full cost of the financing. On this page it is computed from Vehicle price, Cash down payment and Trade-in value and shown as Payment, Total interest and Total of payments.
What information do I need for the Auto Loan Calculator?
You need Vehicle price, Cash down payment, Trade-in value, Balance still owed on the trade-in, Sales tax rate, Trade-in reduces the taxable amount, Title, registration and dealer fees and Manufacturer rebate. The page opens with default figures that give payment of 601.14, so you can see the scale before entering your own.
What does this Auto Loan Calculator show?
It shows Payment, Total interest, Total of payments, Number of payments, Payoff time, Rate per period, Interest per unit borrowed and Interest saved by extra payments, with the working and any warnings for your entries.