Loan Calculator Car
Calculate your car loan payments, explore payoff options, compare refinancing, and estimate costs with tax. Free car loan calculator for USA, Canada, India, and more.
Car Loan Details
Common: 36, 48, 60, 72, 84 months
Summary
Payment Schedule
| Month | Date | Principal | Interest | Total | Balance |
|---|---|---|---|---|---|
| 1 | December 1, 2025 | $429.98 | $150.00 | $579.98 | $29,570.02 |
| 2 | January 1, 2026 | $432.13 | $147.85 | $579.98 | $29,137.88 |
| 3 | February 1, 2026 | $434.29 | $145.69 | $579.98 | $28,703.59 |
| 4 | March 1, 2026 | $436.47 | $143.52 | $579.98 | $28,267.12 |
| 5 | April 1, 2026 | $438.65 | $141.34 | $579.98 | $27,828.47 |
| 6 | May 1, 2026 | $440.84 | $139.14 | $579.98 | $27,387.63 |
| 7 | June 1, 2026 | $443.05 | $136.94 | $579.98 | $26,944.59 |
| 8 | July 1, 2026 | $445.26 | $134.72 | $579.98 | $26,499.32 |
| 9 | August 1, 2026 | $447.49 | $132.50 | $579.98 | $26,051.84 |
| 10 | September 1, 2026 | $449.72 | $130.26 | $579.98 | $25,602.11 |
| 11 | October 1, 2026 | $451.97 | $128.01 | $579.98 | $25,150.14 |
| 12 | November 1, 2026 | $454.23 | $125.75 | $579.98 | $24,695.90 |
| 13 | December 1, 2026 | $456.50 | $123.48 | $579.98 | $24,239.40 |
| 14 | January 1, 2027 | $458.79 | $121.20 | $579.98 | $23,780.61 |
| 15 | February 1, 2027 | $461.08 | $118.90 | $579.98 | $23,319.53 |
| 16 | March 1, 2027 | $463.39 | $116.60 | $579.98 | $22,856.15 |
| 17 | April 1, 2027 | $465.70 | $114.28 | $579.98 | $22,390.44 |
| 18 | May 1, 2027 | $468.03 | $111.95 | $579.98 | $21,922.41 |
| 19 | June 1, 2027 | $470.37 | $109.61 | $579.98 | $21,452.04 |
| 20 | July 1, 2027 | $472.72 | $107.26 | $579.98 | $20,979.32 |
| 21 | August 1, 2027 | $475.09 | $104.90 | $579.98 | $20,504.23 |
| 22 | September 1, 2027 | $477.46 | $102.52 | $579.98 | $20,026.76 |
| 23 | October 1, 2027 | $479.85 | $100.13 | $579.98 | $19,546.91 |
| 24 | November 1, 2027 | $482.25 | $97.73 | $579.98 | $19,064.66 |
| 25 | December 1, 2027 | $484.66 | $95.32 | $579.98 | $18,580.00 |
| 26 | January 1, 2028 | $487.08 | $92.90 | $579.98 | $18,092.92 |
| 27 | February 1, 2028 | $489.52 | $90.46 | $579.98 | $17,603.40 |
| 28 | March 1, 2028 | $491.97 | $88.02 | $579.98 | $17,111.43 |
| 29 | April 1, 2028 | $494.43 | $85.56 | $579.98 | $16,617.01 |
| 30 | May 1, 2028 | $496.90 | $83.09 | $579.98 | $16,120.11 |
| 31 | June 1, 2028 | $499.38 | $80.60 | $579.98 | $15,620.72 |
| 32 | July 1, 2028 | $501.88 | $78.10 | $579.98 | $15,118.84 |
| 33 | August 1, 2028 | $504.39 | $75.59 | $579.98 | $14,614.45 |
| 34 | September 1, 2028 | $506.91 | $73.07 | $579.98 | $14,107.54 |
| 35 | October 1, 2028 | $509.45 | $70.54 | $579.98 | $13,598.10 |
| 36 | November 1, 2028 | $511.99 | $67.99 | $579.98 | $13,086.10 |
| 37 | December 1, 2028 | $514.55 | $65.43 | $579.98 | $12,571.55 |
| 38 | January 1, 2029 | $517.13 | $62.86 | $579.98 | $12,054.42 |
| 39 | February 1, 2029 | $519.71 | $60.27 | $579.98 | $11,534.71 |
| 40 | March 1, 2029 | $522.31 | $57.67 | $579.98 | $11,012.40 |
| 41 | April 1, 2029 | $524.92 | $55.06 | $579.98 | $10,487.48 |
| 42 | May 1, 2029 | $527.55 | $52.44 | $579.98 | $9,959.93 |
| 43 | June 1, 2029 | $530.18 | $49.80 | $579.98 | $9,429.75 |
| 44 | July 1, 2029 | $532.84 | $47.15 | $579.98 | $8,896.91 |
| 45 | August 1, 2029 | $535.50 | $44.48 | $579.98 | $8,361.41 |
| 46 | September 1, 2029 | $538.18 | $41.81 | $579.98 | $7,823.24 |
| 47 | October 1, 2029 | $540.87 | $39.12 | $579.98 | $7,282.37 |
| 48 | November 1, 2029 | $543.57 | $36.41 | $579.98 | $6,738.80 |
| 49 | December 1, 2029 | $546.29 | $33.69 | $579.98 | $6,192.51 |
| 50 | January 1, 2030 | $549.02 | $30.96 | $579.98 | $5,643.48 |
| 51 | February 1, 2030 | $551.77 | $28.22 | $579.98 | $5,091.72 |
| 52 | March 1, 2030 | $554.53 | $25.46 | $579.98 | $4,537.19 |
| 53 | April 1, 2030 | $557.30 | $22.69 | $579.98 | $3,979.89 |
| 54 | May 1, 2030 | $560.08 | $19.90 | $579.98 | $3,419.81 |
| 55 | June 1, 2030 | $562.89 | $17.10 | $579.98 | $2,856.92 |
| 56 | July 1, 2030 | $565.70 | $14.28 | $579.98 | $2,291.22 |
| 57 | August 1, 2030 | $568.53 | $11.46 | $579.98 | $1,722.70 |
| 58 | September 1, 2030 | $571.37 | $8.61 | $579.98 | $1,151.33 |
| 59 | October 1, 2030 | $574.23 | $5.76 | $579.98 | $577.10 |
| 60 | November 1, 2030 | $577.10 | $2.89 | $579.98 | $0.00 |
Loan Calculator Car - Complete Guide to Car Loan Calculations
Whether you're buying your first car or upgrading to a newer model, understanding your car loan payments is essential for making smart financial decisions. Our comprehensive loan calculator car helps you calculate monthly payments, explore early payoff options, compare refinancing opportunities, and estimate total costs including sales tax. This free tool works for car loans in the USA, Canada, India, and other countries, supporting various loan terms including 36, 48, 60, 72, and 84 months.
What is a Loan Calculator Car?
A loan calculator car is a financial tool designed specifically for calculating car loan payments. It computes your monthly payment based on the loan amount, annual percentage rate (APR), and loan term. Our advanced calculator goes beyond basic calculations, offering features for early payoff analysis, refinancing comparisons, and tax-inclusive cost estimates. Whether you're comparing offers from different lenders like USAA, Bankrate, or Carvana, or planning your car purchase in different regions, this calculator provides accurate results instantly.
Basic Car Loan Calculator
The basic calculator uses standard amortization formulas to determine your payments. Key inputs include:
- Loan Amount: The total amount you're borrowing (after down payment and trade-in)
- Annual Interest Rate (APR): The yearly interest rate expressed as a percentage
- Loan Term: The repayment period in months (common terms: 36, 48, 60, 72, or 84 months)
- Repayment Type: Choose between equal payment (EMI) or equal principal repayment methods
The calculator provides your monthly payment, total interest over the life of the loan, and a complete amortization schedule showing how each payment is allocated between principal and interest.
Car Loan Payoff Calculator
The payoff calculator helps you understand how extra payments can accelerate your loan payoff and save money on interest. This feature is perfect for planning early payoff strategies:
- Monthly Extra Payments: Add a fixed amount to each monthly payment to reduce your loan term
- One-Time Lump Sum: Make a single large payment at a specific month to significantly reduce your balance
- Interest Savings: See exactly how much interest you'll save by making extra payments
- Payoff Date: Know when your loan will be fully paid off with extra payments
For example, adding $100 per month to a $30,000 loan at 6% APR for 60 months can save you over $1,500 in interest and pay off your loan 8 months early. The payoff calculator shows you the exact impact of these strategies.
Car Loan Refinance Calculator
Refinancing your car loan can lower your monthly payment, reduce total interest costs, or shorten your loan term. Our refinance calculator helps you:
- Compare your current loan terms with a new loan offer
- Calculate monthly savings and total interest savings
- Determine the break-even point considering refinance costs
- View side-by-side payment schedules for both loans
Refinancing makes sense when you can secure a lower interest rate, especially if your credit score has improved since getting your original loan. However, consider refinance costs and ensure you'll keep the car long enough to benefit from the savings. The calculator helps you make an informed decision by showing all the numbers.
Car Loan Calculator with Tax
Sales tax significantly affects the total cost of your car purchase. Our calculator with tax feature helps you:
- Calculate the total cost including sales tax
- Account for down payment and trade-in value
- See the net loan amount after down payment and trade-in
- Understand how tax affects your overall car purchase cost
Sales tax rates vary by location - typically 0-10% in the USA, with some states having no sales tax. In Canada, rates vary by province (GST/HST). In India, GST rates apply. Our calculator allows you to input your specific tax rate to get accurate total cost estimates.
Understanding Loan Terms: 36, 48, 60, 72, and 84 Months
Short-term Loans (36-48 months):
- Lower total interest paid
- Higher monthly payments
- Faster equity building
- Less risk of negative equity
Medium-term Loans (60 months):
- Balanced monthly payments
- Moderate total interest
- Most popular choice
- Good balance of affordability and cost
Long-term Loans (72-84 months):
- Lower monthly payments
- Higher total interest costs
- Longer commitment period
- Higher risk of negative equity
While 84-month loans offer the lowest monthly payments, they typically result in higher total interest costs. Consider your financial situation and how long you plan to keep the car when choosing your loan term.
Using the Calculator for Different Regions
Our loan calculator car works for car loans worldwide:
- USA: Supports all states with customizable sales tax rates. Works with lenders like USAA, Bankrate partners, Carvana financing, and others. Whether you're financing through traditional banks, credit unions, or online lenders like Carvana, our calculator helps you compare offers and understand your payment obligations.
- Canada: Supports GST/HST rates by province. Common loan terms are 48-84 months. Canadian car buyers can use this calculator to estimate payments for vehicles purchased through dealerships or private sales, accounting for provincial tax variations.
- India: Supports GST rates. Common loan terms are 36-84 months with EMI calculations. Perfect for calculating car loan EMIs for popular brands like Toyota, Maruti, Hyundai, and others. Indian borrowers can use this tool to plan their car financing with accurate EMI calculations.
- Other Countries: Flexible calculator that works with any currency and tax structure.
Car Loan Calculator for Specific Brands and Lenders
Our calculator works with financing from various lenders and brands:
- Carvana: If you're considering financing through Carvana, use our calculator to estimate your monthly payments and compare with other financing options. Carvana offers competitive rates, and our calculator helps you understand the total cost of your car purchase including interest.
- Toyota: Whether you're buying a new Toyota through Toyota Financial Services or financing through a bank, our calculator helps you estimate payments for Toyota vehicles. Calculate your loan for popular models like Camry, Corolla, RAV4, Highlander, and more.
- USAA: USAA members can use this calculator to estimate car loan payments before applying. Compare USAA rates with other lenders to ensure you're getting the best deal.
- Bankrate: Our calculator complements Bankrate's loan comparison tools by providing detailed payment schedules and payoff analysis. Use it to verify offers you find on Bankrate or other comparison sites.
Understanding APR (Annual Percentage Rate)
APR represents the true cost of borrowing, including interest and fees. When comparing loan offers from different lenders, always compare APRs rather than just interest rates. Our calculator uses APR to provide accurate payment calculations. A lower APR means lower monthly payments and less total interest over the life of the loan.
Payment Schedule and Amortization
The detailed payment schedule (amortization table) shows exactly how each payment is applied to principal and interest. Early in the loan, most of your payment goes to interest. As the loan progresses, more goes toward principal. You can export this schedule to CSV for your records or financial planning. The schedule helps you understand your loan progression and see how your balance decreases over time.
Tips for Using the Loan Calculator Car
- Compare multiple loan scenarios before making a decision
- Use the payoff calculator to plan extra payment strategies
- Consider refinancing if interest rates have dropped or your credit has improved
- Factor in sales tax when budgeting for your car purchase
- Export payment schedules for your financial records
- Consider the total cost of ownership, not just monthly payments
Simple and Free Car Loan Calculator
Our loan calculator car is designed to be simple and easy to use. No registration required, completely free, and provides instant results. Whether you're a first-time car buyer or an experienced borrower, this tool helps you:
- Calculate monthly payments quickly and accurately
- Compare different loan scenarios side by side
- Plan early payoff strategies to save on interest
- Understand the true cost of your car loan including taxes
- Make informed decisions about refinancing
Our free loan calculator car provides instant, accurate calculations to help you make informed decisions about your car financing. Whether you're planning a purchase through Carvana, financing a Toyota, comparing rates from USAA or Bankrate, considering refinancing, or exploring early payoff options, this tool gives you all the information you need to manage your car loan effectively. Use it for car loans in the USA, Canada, India, or anywhere else in the world.