Auto Loan Repayment - Loan Repayment Calculator

Auto Loan Calculator

Car Price?:

Down Payment Amount?:

Loan Amount?:

Enter a "0" (zero) for one unknown value above.

Number of Months? (#):

Annual Interest Rate?:

Payment Method?:

Payment Amount:

Down Payment Percent:

Total Interest:

Total Principal & Interest:

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Auto Loan Calculator Help

Use this calculator to calculate loan details when the down payment is expressed as an amount.

Unlike a general loan calculator, this calculator allows for two unknown values. In addition to solving for the monthly payment amount, it will also calculate the "Car Price", the "Down Payment Amount" or the "Loan Amount". Just enter a "0" (zero) for one of the three values and provide the other two.

Note that the calculator calculates what percentage the down payment is of the price of the car. This is handy when a lender requires a borrower to provide a minimum percentage cash deposit.

The term (duration) of the loan is expressed as a number of months.

60 months = 5 years

120 months = 10 years

180 months = 15 years

240 months = 20 years

360 months = 30 years

If you need the ability to print the amortization schedule, or more flexibility such as selecting different payment or compounding frequencies or the ability to calculate term or interest rate, please see the auto loan calculator here: https://financial-calculators.com/auto-loan-calculator

Currency and Date Conventions

All calculators will remember your choice. You may also change it at any time.

Clicking "Save changes" will cause the calculator to reload. Your edits will be lost.

an auto loan repayment calculator is a valuable tool for understanding the repayment of your car loan. It helps you determine the monthly payment you will need to make and ensures that you can budget appropriately. Before applying for an auto loan, be sure to use an auto loan repayment calculator to get an estimate of your monthly payment and to help you make an informed decision.

Buying a car is a big investment and one of the most common ways to finance it is through an auto loan. An auto loan is a type of loan that is used to purchase a car. It is a secured loan where the car serves as collateral for the loan. This means that if you default on the loan, the lender can take possession of the car.

One of the best ways to understand the repayment of your auto loan is to use an auto loan repayment calculator. An auto loan repayment calculator is a tool that helps you determine the monthly payment you will need to make on your car loan. It takes into account the amount of the loan, the interest rate, and the term of the loan, to give you an estimate of your monthly payment.

How to use Auto loan Repayment Calculator

Input the loan amount: Enter the amount of money you need to borrow to purchase your car.
Enter the interest rate: This is the interest rate charged by the lender on your loan. It is usually expressed as an annual percentage rate (APR).
Enter the loan term: This is the length of time you have to repay the loan. It is usually expressed in months.
Click on the “calculate” button: The calculator will then calculate the estimated monthly payment for your auto loan.
Review the results: Look at the estimated monthly payment and consider whether it fits within your budget. If it does not, you may need to consider adjusting the loan amount, interest rate, or loan term to find a payment that works for you.

It’s important to note that an auto loan repayment calculator is just an estimate. The actual monthly payment on your auto loan may be different from the estimate provided by the calculator due to factors such as taxes, fees, and insurance.