Auto Loan Payment Calculator
Estimate your monthly car payment — and the total interest you'll pay over the loan.
Annual rate (APR).
Monthly payment
$594.04Total interest
$5,642.16Over 60 payments
Total repaid
$35,642.16Private — runs entirely in your browser. Nothing is sent or stored.
This tool is for education and planning only. It is not financial advice. Your inputs run in your browser and are not stored by Recurrings.
What to put in the amount
Enter the amount you're actually financing — the price after your down payment and any trade-in, plus anything rolled into the loan like taxes or fees. The calculator returns the monthly principal-and-interest payment and the total interest over the term.
Try shortening the term: a 4-year loan costs more per month than a 6-year one, but the total interest is dramatically lower. The monthly number is what the dealer shows you; the total is what you actually pay.
How this fits into your recurring money
A car loan is a multi-year recurring commitment, and it's only part of the car's true monthly cost — insurance, fuel, registration, and maintenance all repeat alongside it. The loan payment alone understates what the car takes from your budget each month.
Recurrings is built to hold that whole cluster together: the loan, insurance, and every other recurring charge in one place, so the real cost of the car is a number you can actually see.
The math
payment = P · r · (1 + r)^n / ((1 + r)^n − 1)
r = annual rate ÷ 12, n = years × 12The standard amortization formula: the payment is sized so every instalment clears the financed amount over the term. A longer term lowers the monthly payment but raises total interest — and can leave you owing more than the car is worth partway through.
An estimate excluding taxes, fees, and registration — not a loan offer or financial advice.
Common questions
What does this car payment estimate cover?
The principal-and-interest loan payment. Use the amount you're financing after your down payment and trade-in. Taxes, registration, and any add-ons financed into the loan should be included in the amount.
Does a bigger down payment help?
Yes — it lowers the financed amount, so both the monthly payment and the total interest drop. A shorter term raises the monthly payment but cuts total interest sharply.
Why watch the total interest?
Long car loans keep the monthly payment low but pile on interest and can leave you owing more than the car is worth. The total-interest line shows the real cost of stretching the term.
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A car payment is a recurring cost too
Recurrings tracks the car payment next to insurance, fuel, and everything else that repeats — the real monthly cost of the car.
recurrings.ai is in private beta. No card required.