Auto Loan Calculator
Use our free **auto loan calculator** to calculate your monthly **car loan payments**. Enter your loan amount, interest rate, and term to get instant results.
How Auto Loan Calculator Works
This **car loan calculator** uses the standard EMI formula:
EMI = P × r × (1+r)^n / ((1+r)^n − 1)
- P = Loan Amount (Car Price − Down Payment)
- r = Monthly Interest Rate
- n = Total Number of Payments (months)
Example:
Car Price = $25,000 | Down Payment = $5,000 | Rate = 6.5% | Term = 5 years
- Monthly Payment ≈ $391
- Total Payment ≈ $23,460
- Total Interest ≈ $3,460
Note: This **vehicle finance calculator** provides an estimated car payment. Actual cost may vary with lender fees, insurance, and taxes.
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