Car Payment Calculator
Enter a vehicle price, down payment, trade-in, APR and loan term to estimate your monthly car payment and see how much interest the loan may cost over time.
Don’t Know the Vehicle Price Yet?
Use the main WhatCarFits affordability tool to start with the monthly payment you want and work backward to a vehicle range.
What Car Can I Afford? →Estimate Your Car Payment
Adjust the numbers below to see how vehicle price, APR, down payment, trade-in and loan term affect the monthly payment.
Loan Details
Compare Common Loan Terms
A longer loan term can reduce the monthly payment, but it can also increase the total interest paid.
48 Months
60 Months
72 Months
What Changes Your Monthly Payment?
The same vehicle can produce very different payments depending on how the purchase is financed.
Vehicle Price
A higher purchase price usually means more money needs to be financed unless a larger down payment or trade-in offsets it.
APR
A higher interest rate increases the monthly payment and the total interest paid over the loan.
Loan Term
Stretching payments over more months can lower the monthly amount, but the loan may cost more overall.
Down Payment
A larger down payment reduces the amount that needs to be financed.
Trade-In
Positive trade-in value can reduce the amount financed, depending on the actual transaction.
Taxes & Fees
Sales tax, registration and other transaction costs can increase the amount financed.
Know the Payment, But Not the Car Price?
That is exactly what the main WhatCarFits tool is built for. Enter the monthly payment you want and work backward to an estimated vehicle price range.
Why Your Actual Payment May Differ
This calculator is designed for planning. A lender, dealer or financing company may calculate the transaction differently.
Actual APR
Your lender may offer an interest rate that is higher or lower than the rate entered here.
Final Selling Price
Dealer pricing, incentives and negotiated amounts can change the amount financed.
Location-Specific Costs
Taxes, registration and transaction fees vary by location and seller.
Ready to Work Backward From Your Budget?
Tell WhatCarFits the monthly payment you want to stay around and see what vehicle price range may fit your numbers.