Estimate monthly car payments, explore how much vehicle may fit your budget, compare early payoff strategies and weigh leasing against buying.
Explore vehicle payments, affordability, payoff strategies and the potential costs of leasing versus buying.
Estimate your monthly car payment using vehicle price, down payment, trade-in value, interest rate, loan term, taxes and applicable fees.
Calculate auto loan payment →Estimate how much vehicle may fit within a target monthly payment based on interest rate, loan term, down payment and trade-in value.
Estimate vehicle affordability →See how adding extra money to your car payment could shorten the repayment period and reduce estimated interest costs.
Calculate early payoff →Compare estimated costs of leasing and financing a vehicle based on payments, upfront costs, term length, residual value and other inputs.
Compare lease vs. buy →The right calculator depends on whether you're estimating a payment, deciding how much car fits your budget, paying off an existing loan or comparing leasing with financing.
If you're shopping for a car and already know the approximate price, the standard Auto Loan Calculator is usually the best place to start.
Your financed amount may be affected by your down payment, trade-in, sales tax, dealer or registration fees and any existing loan balance rolled into the new financing. Looking at the complete transaction can provide a clearer estimate than focusing only on the advertised vehicle price.
Monthly payments are generally based on the amount financed, interest rate and repayment term. Taxes, fees, down payments, trade-ins and other costs can change the amount financed.
A larger down payment generally reduces the amount being financed, which can lower the estimated monthly payment and total interest cost, assuming other loan terms remain the same.
Extending the repayment period can reduce the monthly payment, but it may increase the total amount of interest paid over the life of the loan.
Additional principal payments may reduce the remaining balance faster and therefore reduce future interest. Check your loan agreement for any applicable rules or prepayment terms.
Not necessarily. Leasing and buying have different cost structures, ownership outcomes, mileage limits and upfront expenses. The better fit depends on the terms and how you expect to use the vehicle.