Car Loan Calculator
Calculate monthly car payments with down payment, trade-in, sales tax, and interest. Compare loan terms.
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Monthly Payment
$530.24
Loan Amount
$27100
Total Interest
$4715
Total Cost
$31815
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Frequently Asked Questions
What is a good car loan interest rate?
For new cars, rates between 5-7% are common. For used cars, 7-10% is typical. Excellent credit scores (750+) can qualify for rates below 5%.
How much should my down payment be?
Aim for at least 20% of the car's price. This reduces your loan amount, lowers monthly payments, and prevents being "upside down" on the loan.
Should I choose a longer loan term for lower payments?
Longer terms reduce monthly payments but increase total interest paid. A 72- or 84-month loan can leave you owing more than the car is worth. Shorter terms build equity faster.