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Free Car Payment Calculator
Estimate your monthly car payment before you visit the dealership. Enter the vehicle price, down payment, trade-in value, fees, interest rate, and loan term to calculate your monthly payment, total interest, and total cost of the loan.
Frequently asked questions
What is a good interest rate for a car loan?
As of 2026, good credit borrowers typically see rates of 5–8% for new cars and 7–12% for used cars. Credit unions often offer lower rates than dealerships.
How much car can I afford?
A common guideline is to keep your total monthly car payment (including insurance) under 15–20% of your monthly take-home pay. The 20/4/10 rule suggests 20% down, 4-year term, and under 10% of income.
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