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Calculate your monthly car payment based on loan amount, term and interest rate. Create a loan amortization schedule and payment tables for loans. Auto loan calculator to find monthly payment, total in payments and total interest for an auto loan.
NerdWallet’s auto loan refinance calculator will show you what your new monthly payment would be and how much you could save by refinancing your car loan.
loan calculator – supports extra payments and dates in a more mobile friendly design; auto loan calculator – calculate total cost of ownership; biweekly calculator – in one schedule, compare a biweekly loan to a normal loan; financial calculator – create schedules with missed payments and changing rates
For instance, if you took out an $8,500 loan with an interest rate of 7.9% and a 36-month term, at the end of the loan your total payments would equal $9,575.03. The difference between the initial amount of your loan and what you paid, which in this example is $1,075.03, is the cost of using credit which was established by the interest rate.
Use this calculator to help you determine your monthly car loan payment or your car purchase price. After you have entered your current information, use the graph options to see how different loan terms or down payments can impact your monthly payment. You can also examine your complete amortization schedule by clicking on the "View Report" button.
While this auto loan calculator should be highly accurate and give you a solid idea about the costs of a proposed car loan, it is not professional advise and should not be relied upon when making your final purchasing decision. Always talk to a professional directly and fully understand what you are getting into before signing a loan contract.
NerdWallet’s free car loan calculator puts you in the driver’s seat at the dealership. Calculate your monthly car payment and compare auto loan offers.
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Looking for an auto loan calculator? bankrate.com can help you calculate the monthly payments on your next new or used auto loan.
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