Auto Loan Calculator
Estimate your monthly auto loan payment based on price, down payment, trade-in, interest rate, and term.
Loan Details
Results
Monthly Payment
$701
Principal
$35,000
Total Interest
$7,080
Total Paid
$42,080
Auto loan basics
Auto loans are typically 36-84 months with rates from 6.5% (prime) to 18% (subprime). Shorter terms save thousands in interest. Avoid financing past what the car will be worth — 72+ month terms often leave you "underwater" (owing more than the car).
Frequently Asked Questions
Everything you need to know, in one place.
What is a typical auto loan rate?
As of 2026, new car rates run 6.5%-9% for prime borrowers, 11-18% for subprime. Used car rates are 1-3% higher. Credit unions often beat dealer financing by 1-2%.
What term should I pick?
48-60 months is the sweet spot — avoids being "underwater" (owing more than the car is worth). 72-84 month loans save monthly but cost much more interest and leave you upside-down for years.
How much should I put down?
20% is traditional wisdom; 10-15% is acceptable. Lower down payments mean higher monthly payments, more interest, and potential negative equity from day one due to depreciation.
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