Calculate your car payment including trade-in value, down payment, and sales tax.
An auto loan calculator estimates your monthly car payment based on vehicle price, down payment, trade-in value, interest rate, and loan term.
For example, a $35,000 car with $5,000 down at 7% for 5 years has a monthly payment of approximately $593.
As of 2026, average new car loan rates are approximately 6.5-8% for good credit (670-739) and 4.5-6% for excellent credit (740+). Rates vary by lender, loan term, and whether the car is new or used.
Shorter terms (36-48 months) have higher payments but less total interest. Longer terms (72-84 months) lower payments but cost more overall and risk being upside down on the loan. A 60-month term is a common balance.
A 20% down payment is recommended to avoid being upside down on the loan. At minimum, aim for 10%. Trade-in value can count toward your down payment.