Payment Calculator
Payment Calculator Features
Powerful tools to help you plan your vehicle financing
Monthly Payment Calculator
Calculate your monthly car payment based on loan amount and terms
Down Payment Impact
See how different down payments affect your monthly payment
Interest Rate Comparison
Compare different interest rates and their impact on payments
Loan Term Options
Explore different loan terms from 12 to 84 months
Payment Planning Tips
Expert advice to help you make smart payment decisions
Before You Calculate
- • Determine your total budget including insurance
- • Research current interest rates and loan terms
- • Calculate your maximum monthly payment
- • Consider additional costs like maintenance
- • Factor in fuel costs and registration fees
- • Plan for emergency repairs and maintenance
Smart Payment Strategies
- • Aim for payments under 15% of your monthly income
- • Consider a larger down payment to reduce monthly payments
- • Choose shorter loan terms when possible
- • Shop around for the best interest rates
- • Set up automatic payments to avoid late fees
- • Plan for early payoff to save on interest
Payment Examples
See how different factors affect your monthly payments
Conservative Approach
20% down, 60-month term
$25,000 vehicle at 5% APR
- • Down payment: $5,000
- • Loan amount: $20,000
- • Monthly payment: ~$377
- • Total interest: ~$2,620
Standard Approach
10% down, 72-month term
$25,000 vehicle at 6% APR
- • Down payment: $2,500
- • Loan amount: $22,500
- • Monthly payment: ~$373
- • Total interest: ~$4,356
Aggressive Approach
5% down, 84-month term
$25,000 vehicle at 7% APR
- • Down payment: $1,250
- • Loan amount: $23,750
- • Monthly payment: ~$367
- • Total interest: ~$7,126