Car Payment Calculator

Before getting yourself in debt, it's important to leverage a Car Payment Calculator that helps you determine your monthly payment and the time it would take you to pay off your debt.

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CALCULATORRESULTSQ&A

Car Type

Loan Term (Months)

Interest Rate (APR)

Do you know your loan amount?

Loan Amount

Car Price

Down Payment

Cash Rebate

Trade-in Value

Amount Owed on Trade-in

Zip Code

Results

Cities with the Most Auto Loan Debt

*Highest Car Loan Debts = 99th Percentile

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Questions & Answers

I have excellent credit. If I make a down payment of 20000 on a vehicle selling for48000. How much will be my monthly payments

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Balance is $3219, My pmt is $310 a month, if I pay $362 a month @ 5. 65%, whens my pay off date

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Better to lease or buy

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If I borrow $19,000 and I put $7000 down at 18% interest how much would my car payments be?

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My car is 25,350 @6. 7% payment $504 60 months if I pay $100 a month more on principle how many months will I save

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With 0 down and credit score of 480 who will finance me

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If you buy a car that cost 22,000 and have a 12,000 loan how much is the asset, liability and equity related to this purchase

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I owe 21,800 at 14percent but plan to pay it off this month how much will I pay

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My monthly payment is 491 a month At 72 months with 13percent how fast can I pay off if I pay 591

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My monthly payment is 1056. 00 for 72moths. If I give 1 extra payment to principal every month how much faster can I pay it off?

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Ask the Experts

Buying a car isn’t as straightforward as making everyday purchases. The former involves multiple steps and requires prior research, a reasonable budget and some negotiating skills. But buying isn’t for everyone, either. For guidance on the proper way to purchase or lease a car, we asked a panel of experts for their thoughts on the following key questions:

What are the most common mistakes people make when shopping for a car?
In what circumstances is leasing a smarter option than buying?
Generally, what percentage of take-home pay should go to car payments?
What are your predictions for car sales in 2022? Should we expect to see an increase prompted by a lack of confidence in public transport, or less commuting due to more people working from home?

Bob Castaneda
Program Director for Walden University's College of Management and Technology
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Ron A. Rhoades
JD, CFP® – Director, Personal Financial Planning Program; Associate Professor – Finance, Gordon Ford College of Business – Western Kentucky University
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Vickie Hampton
Ph.D., CFP® – Retired Professor, Personal Financial Planning, School of Financial Planning – Texas Tech University
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Morteza Momeni
Ph.D. Candidate, Gatton College of Business and Economics – University of Kentucky
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Rakesh Gupta
Associate Professor, Decision Sciences and Marketing, Robert B. Willumstad School of Business – Adelphi University
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Dorothy M. Nuckols
MPH, AFC® – Financial Wellness Educator, Family and Consumer Sciences – University of Maryland Extension, Central Maryland
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Car Payment Calculator

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Cities with the Most Auto Loan Debt

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