Car Loan Calculator
Calculate monthly car payments with down payment, trade-in, sales tax, APR, and term. Full amortization schedule and CSV export.
Car Loan Calculator
Calculate monthly car loan payments with down payment, trade-in, sales tax, APR and term. Includes full amortization schedule and CSV export.
Loan Details
= $5,000.00
Applied to $35,000.00 (price − trade-in) = $2,450.00
Payment Summary
Loan Amount
$32,450.00
Monthly Payment
$634.92
Total Interest
$5,645.29
Total Paid
$38,095.29
Amortization Schedule
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $634.92 | $459.15 | $175.77 | $31,990.85 |
| 2 | $634.92 | $461.64 | $173.28 | $31,529.21 |
| 3 | $634.92 | $464.14 | $170.78 | $31,065.07 |
| 4 | $634.92 | $466.65 | $168.27 | $30,598.42 |
| 5 | $634.92 | $469.18 | $165.74 | $30,129.24 |
| 6 | $634.92 | $471.72 | $163.20 | $29,657.52 |
| 7 | $634.92 | $474.28 | $160.64 | $29,183.24 |
| 8 | $634.92 | $476.85 | $158.08 | $28,706.40 |
| 9 | $634.92 | $479.43 | $155.49 | $28,226.97 |
| 10 | $634.92 | $482.03 | $152.90 | $27,744.94 |
| 11 | $634.92 | $484.64 | $150.29 | $27,260.31 |
| 12 | $634.92 | $487.26 | $147.66 | $26,773.05 |
Yearly Summary
| Year | Principal Paid | Interest Paid | End Balance |
|---|---|---|---|
| Year 1 | $5,676.95 | $1,942.10 | $26,773.05 |
| Year 2 | $6,057.15 | $1,561.91 | $20,715.89 |
| Year 3 | $6,462.81 | $1,156.25 | $14,253.09 |
| Year 4 | $6,895.64 | $723.42 | $7,357.45 |
| Year 5 | $7,357.45 | $261.61 | $0.00 |
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Frequently Asked Questions
What is the Car Loan Calculator?
The Car Loan Calculator is a free online tool that calculate monthly car payments with down payment, trade-in, sales tax, apr, and term. full amortization schedule and csv export.. It runs entirely in your browser with no installation or sign-up needed.
How is my monthly car payment calculated?
Standard amortization: M = P x r x (1+r)^n / ((1+r)^n - 1), where P is the financed amount (price - down - trade-in + tax), r = APR/12, n = months.
Is sales tax on full price or after trade-in?
We apply sales tax to price minus trade-in, matching most US states with a trade-in tax credit. If your state taxes the full price, set trade-in to 0 and add it to down payment.
Is a longer loan term better?
Longer terms (72-84 months) lower monthly payments but greatly increase total interest and raise the risk of going underwater. Compare total interest in the amortization table.
Is the Car Loan Calculator free to use?
Yes, the Car Loan Calculator is 100% free with no registration, no hidden fees, and no usage limits. All processing happens locally in your browser, ensuring complete privacy.
Is my data safe with this tool?
Absolutely. The Car Loan Calculator processes everything client-side in your browser. No data is uploaded to or stored on any server. Your content remains private on your device at all times.
Does the Car Loan Calculator work on mobile devices?
Yes, the Car Loan Calculator is fully responsive and works on smartphones and tablets. You can use it on any device with a modern web browser -- no app download required.
Do I need to create an account to use this tool?
No account or registration is needed. Simply open the Car Loan Calculator in your browser and start using it immediately. There are no sign-up walls or usage restrictions.
How accurate are the calculations?
The Car Loan Calculator uses industry-standard formulas and algorithms to ensure accurate results. However, for critical financial or medical decisions, always consult a qualified professional.
How do I use the Car Loan Calculator?
Simply enter your input in the provided field, adjust any settings to your preference, and the tool will process it instantly. You can then copy the result to your clipboard or download it.
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About Car Loan Calculator
Car Loan Calculator is a free, browser-based tool in our Calculator Tools collection. Everything runs locally on your device — no uploads, no sign-up, and your data stays private.