Auto Loan Calculator

This 5-step calculator will tell you:

• What payments fit your budget

• What interest rate you can expect

• How much you can borrow

• How much car you can afford

Let's get started!

Just want to know how much to borrow? Just enter your auto loan payment and annual interest rate below. Try as many combinations as you’d like!

When you’re done, submit the easy SmartCarCredit auto loan application form. We’ll match your auto loan needs with our auto lenders and dealers. You’ll save time and money!

The auto loan amount. While the amount you borrow is tied to the value of the car you purchase, it decrease the value of your trade-in and manufacturer incentives. It may increase to cover loan costs and transaction fees (see below) as well as money need to pay off your existing auto loan.

The auto loan rate. The rate you qualify for depends on a variety of factors including your credit score (commonly called FICO score).

Loan fees. These may take the form of auto loan closing or processing costs. They can be charged by the auto lender and / or car dealer.

Taxes and fees. This includes sales tax in your area, DMV fees for license, registration, title transfer, etc.

Here's an example of one proceeds and costs from one auto loan:

Proceeds
	Loan Amount		18,309
	Trade in value		- 4,000
	Amount still owed		5,000
	Dealer incentives & rebates		0
	Down Payment		- 1,500
	Total Proceeds		18,809
Costs
	Vehicle	108%	17,359
	Options	5%	1,000
	Destination Fee	2%	450
	Sales Tax	7.3%	1,364
	DMV Fees (License, Registration & Title)	1.3%	245
	Other		0
	Points		0
	Total Costs	100%	2,058

Want to calculate auto loan payments? Our auto loan payment calculator will help you to find out how you can buy an auto based on your monthly payment, or find out your loan payment based on your vehicle purchase price. Click here for our auto loan payment calculator.

Disclosure: We developed the content for SmartCarCredit™ while working with automotive industry clients. We hope you find it helpful in making informed decisions. While we believe the information to be accurate, we do not guarantee its accuracy.