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Auto Loan Calculator

Estimate your car payment with trade-in, down payment, and sales tax included.

Vehicle & Loan Details
Monthly Payment
$586.85
Loan Amount
$32,450
Sales Tax
$2,450
Total Interest
$2,761
Total Cost
$35,211
Cost Breakdown

How to Get the Best Auto Loan Rate

Average Auto Loan Rates (2026)

Credit ScoreNew CarUsed Car
750+ (Excellent)4.5%5.5%
700-749 (Good)5.5%7.0%
650-699 (Fair)8.0%10.5%
Below 65012%+15%+

Tips to Save on Your Car Loan

  1. Get pre-approved from your bank or credit union before visiting the dealer
  2. Keep the term under 60 months — longer terms mean more interest
  3. Put 20% down to avoid being underwater on the loan
  4. Negotiate the price first, then discuss financing separately
  5. Check your credit score at least 30 days before applying

Free Financial Calculators

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