InternetActive Calculators™
Car Loan Calculator Help
Given a vehicle's cost, down payment, the value of a trade-in vehicle, interest rate, and the life of the loan, Car Loan Calculator will calculate your monthly payment, total interest paid on the loan, and provide you with a complete amortization schedule. Car Loan Calculator can also adjust for additional principal paid on the loan, showing you how much interest you can save and how many payments can be eliminated.

To use Car Loan Calculator, simply enter the desired values in the boxes provided. Do not use any punctuation marks, including dollar signs, commas, and percentage signs. For example, to calculate the payment on a car that costs $23,000 with a down payment of $5,000 and a trade-in value of $1,500 at an 8.5% annual interest rate for four years, you would enter 23000 in the cost of vehicle box, 5000 in the down payment box, 1500 in the trade-in vehicle box, 8.5 in the interest rate box, and 48 in the months box (for four years). When you click the calculate button, your result appears along with the values you entered.

Please note: Do not enter negative values. If you do, Car Loan Calculator will automatically enter a zero for that value, and will provide you with unreliable results.

Please note: If you are calculating a long-term loan (any loan more than ten years), it could take up to 10 seconds or more to complete the amortization table. Since this is the case, you may get a message from your browser to terminate the script because it is causing the browser to run slowly. Please click NO to this message. If you click yes, you will get unreliable results.

If you wish to calculate another loan with different values, just click on the Recalculate button. And if you make an error inputting your values, simply click on the Reset button to start over.

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