Auto Loan Calculator

Estimate the fixed monthly payment on a vehicle loan from purchase price, down payment, annual rate, and term in months.

Inputs

P = price − down
M = P × i(1+i)^k / ((1+i)^k − 1)
where i = APR/100/12, k = months

If rate is 0, payment is P/k. Does not include tax, title, or insurance.

Category: Finance

Payment on $28k financed.