Auto Loan Calculator

Estimates only — your lender's disclosure governs. LoanMatchers is not a lender. Rates and terms vary by lender and creditworthiness. This page provides general educational information, not financial advice — consult a qualified professional before making financial decisions.

How it works

Amount financed = price + sales tax + fees − down payment − trade-in. That balance is amortized with the standard formula; a 0% APR divides it evenly.

Need a realistic rate? See the current auto loan rate benchmarks (cited official benchmarks).

Frequently asked questions

How do down payment and trade-in change my auto payment?

Both reduce the amount financed: amount financed = price + tax + fees − down payment − trade-in. A smaller financed amount means a lower payment and less total interest.

Is a longer auto term better?

A 72-month term lowers the monthly payment versus 60 months but usually carries a higher rate and substantially more total interest. Compare both in the calculator.

What is the current average auto loan rate?

The Federal Reserve G.19 publishes average commercial-bank new-car rates quarterly — see the cited benchmarks on the auto rates page for the latest published figures.

Should sales tax and fees be financed or paid upfront?

Paying them upfront reduces the financed amount and total interest. The calculator lets you enter tax and fees either way so you can compare.