Car Loan Calculator

How to Use This Tool

1. Enter Loan Details

   • Vehicle Price: Total cost of the car before any payments

   • Down Payment: Initial cash payment (optional)

   • Trade-in Value: Your current car’s value (optional)

   • Interest Rate: Annual percentage rate (APR) from your lender

   • Loan Term: Duration of the loan (2-7 years)

2. Calculate Your Payment

   • Click “Calculate Payment” to see:

     • Monthly Payment: Your estimated payment amount

     • Total Interest: Cost of borrowing

     • Total Cost: Vehicle price plus all interest

3. Understanding Your Results

   • Compare different loan terms to find the best option

   • See how down payments reduce your monthly costs

💡 Smart Borrowing Tips