Auto Loan Calculator

Our Auto Loan Calculatorgives you complete transparency on the true cost of financing a vehicle. Beyond the monthly payment, it shows your out-the-door price, total interest paid, and a depreciation curve so you know exactly when you'll have positive equity.

Understanding Auto Loan Terms

Auto loans are typically offered in terms of 36, 48, 60, or 72 months. Longer loan terms lower your monthly payment but significantly increase total interest paid. A 72-month loan at 7% APR on a $30,000 vehicle will cost roughly $2,500 more in interest than a 48-month loan at the same rate.

New vs. Used Car Loan Rates

New car loans typically carry lower interest rates than used car loans because lenders consider new vehicles lower-risk collateral. As of 2026, excellent-credit borrowers can find new car rates below 5% APR, while used car rates for similar credit profiles run 1%–3% higher.