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Free Car Payment Calculator
Estimate your monthly auto loan payments with our comprehensive calculator. Factor in your trade-in value, sales tax, down payment, and interest rate to know exactly what you can afford before you head to the dealership.
Key Factors Affecting Your Payment
- Loan Term: A longer term (e.g., 72 or 84 months) lowers your monthly payment but increases the total interest you pay.
- Interest Rate (APR): Your credit score, the car's age, and the lender all influence this rate.
- Trade-In Value: Trading in your old car acts like a down payment and often reduces the sales tax you owe (depending on your state).
Understanding the Total Cost
Don't just focus on the monthly payment. Look at the Total Cost of Loan and Total Interest. Sometimes a slightly higher monthly payment (via a shorter term) can save you thousands of dollars in the long run.