Auto Loan Calculator
Work out a car loan’s monthly payment and total cost.
Result
Monthly paymentExample
for 60 months
- Amount financed
- 30,240.00
- Sales tax
- 2,240.00
- Total interest
- 5,601.75
- Total payments
- 35,841.75
- Total cost
- 39,841.75
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- Financed: 32,000.00 − 4,000.00 down − 0.00 trade-in + 0.00 owed + 2,240.00 tax and fees = 30,240.00
- 6.9% a year = 0.575% a month on what’s owed
- First payment: 173.88 interest + 423.48 loan = 597.36
- Paid off after 60 payments
Total cost: price, tax, fees and interest. Malaysian loans from 1 June 2026 use the reducing balance.
An estimate, not financial advice.
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Questions
How does a trade-in affect the loan?
Its value comes off the price, and in many US states off the taxed amount too. If you still owe money on it, that balance is added to the new loan.
Is a longer term better?
It lowers the monthly payment but raises the total interest, and you may owe more than the car is worth for longer. Compare 60 and 72 months to see the difference.
Should tax and fees be financed?
Paying them upfront means less interest; adding them to the loan keeps more cash in hand. Switch the option to compare.
Is it free? Do I need an account?
It is free to use and there is nothing to sign up for. There are no watermarks and no daily limits.
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