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Easy to Use Auto Loan Calculator

Testing your loan terms with various online tools before you apply will give you a leg up on choosing your options once you're approved.


Get the lowest auto loan rates:

Capital One Auto Finance offers the lowest auto loan rates in the country, for people with all types of credit ratings.

Apply with Capital One whether you are buying a new or used car, or even if you are buying from an individual. Whatever your choice, you will save thousands and have more choice than if you use a payday advance, which tend to be for short terms loans of around $500.

Auto loans
Click here for your quote


If you have poor or no credit, click here to apply for special financing.


Tips for using this FREE calculator

Simply because you happen to be purchasing a utilised car or truck will not indicate you might have to pay out money for it. You'll be able to absolutely consider gain of financing a person. If you've good credit score you will discover firms that could help you obtain the bank loan you would like. Thankfully to suit your needs, there are numerous funding opportunities that you simply can take part in. Employed cars might seem to be less costly nevertheless they can in fact price additional when you spend from pocket. That is definitely why you can find a variety of financing solutions offered for 1 who finds the ideal car or truck but who cannot buy it immediately. These selections vary when using the seller though. They also depend upon your credit score rating. In case you have a dealership financing it couldn't be as amazing because it would seem. There are actually rewards of purchasing a made use of motor vehicle from a supplier due to the fact they offer warranties however they cost additional expenses normally for their other solutions. If you need to get an auto however you are not able to pay for it so steep all at once, you then can finance directly as a result of them or try and locate a credit history union for your identical matter. Dealerships require a superb money and great credit score but the loans usually carry a considerable curiosity fee. Additionally you could have to place income down for the automobile quickly so you could market your current automobile before gaining one more 1. The trade in worth will likely be applied towards the down payment. A different funding solution will be to get enable from a credit union before you may have uncovered the auto you want. They can give you a mortgage to cover the cost proper absent nevertheless it depends in your cash flow and credit history background. Contacting a union specifically will assist you to obtain the cash you would like and attain credit score. It could conserve you cash at the same time. You may manage the quantity of interest if you reduce out the third get together. You are able to appearance for just a car by using a distinct budget by doing this therefore you will not overspend. A supplier will not push for an up-sell if they are aware that you might be acquiring with borrowed capital. If you preserve your own private capital you can do it like that much too. It would be sort of hard to self-discipline by yourself to save money and fork out for a motor vehicle in hard cash, nevertheless it will gain you drastically because you cut out all the additional fees. You are able to consider possession within your vehicle because it is yours suitable away. This way should you are burdened with unemployment you won't need to concern yourself with making large car payments.

This is the most convenient auto loan calculator we were able to find, because it's so simple, while remaining flexible. You can try out different payment, term, balance, and rate combinations to find the perfect loan package.

It also calculates your final payment total (that's a lot different from your loan principal!) and total interest bill. You even get an amortization schedule of your loan! Here's how it works:

Fill out three of the following:
? length of the loan, in months
? monthly payment amount
? principal amount
? interest rate
and use the calculator to solve for the fourth.

Click here to start

What you can enter and/or solve for:

Loan term. Enter the length of the loan you desire. Auto loans are usually 12, 24, 36, 48, 60, or 72 months in length. If you want to use the calculator to find out how long it will take you to own your car outright, fill in the other info and leave this blank.

Principal amount. Pretty straightforward. But, if you're buying new and want to include taxes and fees in your principal, leave yourself some leeway. If you want to use the calculator to see how large a loan you can afford, leave this space blank.

Monthly payment. Fill in a figure you could reasonably budget towards car payments each month. Don't enter your absolute maximum (or minimum), just a number that fits your budget well.

Interest rate. Unless you've already been approved for a loan, just guess here. Interest rates vary from just below 4% to around 8% right now, depending on your credit (excellent to fair) and whether you're buying a new or used vehicle. Keep in mind that a borrower with very poor credit may have to pay up to 20%.

Click here to use the calculator.

Some additional tips

This auto financing calculator is intended for estimation purposes. Don't budget too tightly, and be sure and leave some wiggle room on loan amount and interest rate , especially if you haven't already been approved.

If you're really not sure what numbers to plug in, consider applying before you use this and/or the lender's tools. (We know that's the opposite of what we said earlier - unfortunately, it works both ways.) That way you can nail down an interest rate and use the calculator to design your loan around it.

The lenders we partner with will allow you to adjust your loan term once you've been approved, (and they have interesting tools you can use as well). It's a fast (under an hour) and free process.

Capital One is the nation's leader in online vehicle funding and it's no wonder why. They have the lowest rates and a streamlined free application process. Apply now.