With the loan amount and term you already specified, add a couple more details to see lenders that might be a fit for what you need.Our auto loan calculator doubles as a car affordability calculator that shows an estimated monthly payment and an auto loan amortization calculator that breaks down how you’ll pay off the loan over time. Input the relevant information — such as vehicle price, interest rate, down payment amount, trade-in value, length of the loan, sales tax rate and registration fees — to see your results. You can change what you input to see how different factors will affect your car payment amount and total interest cost.What you should know about borrowing for a carIf you haven’t financed a vehicle before, it may help to have a quick overview of how car loans work. Most people can’t pay cash for a car or truck, and so they apply for an auto loan, usually at a bank, credit union, online lender or the car dealership. When you’re approved, the lender provides a lump sum of...
