Car Loan Calculator - ZetaCalculator

Vehicle Price ($)

Down Payment ($)

Trade-In Value ($)

Interest Rate (%)

Loan Term

Monthly Payment

Total Payment

Total Interest

Loan Amount:

Total Vehicle Cost:

📖 How to Use

1
Enter the vehicle price — the sticker or negotiated price.
2
Enter your down payment and trade-in value (if any). Both reduce the loan amount.
3
Enter the interest rate and select a loan term.
4
Click Calculate Payment to see your monthly payment and total cost.

❓ FAQ

A common guideline is 20% for new cars and 10% for used cars. A larger down payment reduces your monthly payment and total interest paid.

Shorter terms (3–4 years) mean higher monthly payments but less interest overall. Longer terms (5–7 years) are more affordable monthly but cost more in total interest. Avoid terms longer than the car's expected useful life.

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💡 Car Buying Tip

The 20/4/10 rule: Put 20% down, finance for no more than 4 years, and keep total transportation costs under 10% of gross income.

Typical Auto Rates (2026)

New car (excellent)5–6%

New car (good)6–8%

Used car7–11%

Subprime12–20%