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Calculate Your Monthly Loan Payments

Enter the vehicle price and your financing details to estimate your monthly payments.

Use this car loan calculator to estimate your monthly payments over the life of your loan. 

Enter the price of the vehicle, your down payment, any trade-ins you may have, and the loan details to get an estimated cost. 

You can make adjustments to the loan term and interest rate to see what type of financing terms will work best for your budget. 

Figuring out what your monthly payment on a car will be is a great way to start shopping for another vehicle. Small adjustments to the numbers above can have a significant impact on the interest you’ll pay over the life of the loan. 

Be sure to select financing that matches your needs and your budget. 

The estimated monthly payment above is for informational purposes only and does not include taxes, tag, and title fees or insurance premiums. 

How Do You Calculate Your Monthly Car Payment? 

In order to calculate your estimated monthly car payment, you’ll need to know a few basic numbers, including:

  • The total loan amount (the price of the vehicle minus your down payment and any trade-ins or incentives). 
  • The APR (annual percentage rate) or interest rate. (i.e. the cost of borrowing)
  • The loan term (how many months you will be repaying the loan over). 

Those numbers will give you the total principal and interest for the car loan, which you’ll then divide by the length to get your estimated monthly payments. 

You can play around with numbers in the calculator above to figure out what sort of financing will make the most sense for your budget. 

We’ll break down each of the fields in the calculator above so you can better understand what goes into your monthly payment calculation.

Car Loan VariablesDescription
Purchase price of the carFinal sale price of the vehicle. 
Down paymentThe cash you’ll put down to pay up front.
Trade-in valueThe cash value of a trade-in vehicle you have to sell to a dealership.
Interest RateThe APR of the loan. Rates offered can vary based on a variety of factors.
Loan TermThe length, in months, of the loan. This describes the number of monthly payments you’ll be making until the loan is paid off. 

Purchase Price of the Car

The purchase price is the overall cost of the vehicle.

You can think of this as the sticker price or MSRP. 

If you’re buying from a dealership or negotiated with a private seller, you may be able to talk down the overall purchase price with:

  • Negotiation. 
  • Dealer incentives. 
  • Rebates. 

Down Payment

The down payment is the amount of cash you’ll be paying towards the car up front. 

Most experts recommend putting at least 10% to 20% down. 

The higher the down payment you can afford to pay, the lower the cost of your loan will be overtime. 

Trade-In Value

Trade-in value comes into play if you have another vehicle that you’ll be trading in when you purchase your car.

Note that the trade-in value for a vehicle will be less than its retail value or used car estimate. Be sure to keep that in mind when using services like KBB or Nada. 

The trade-in value essentially adds into your total down payment to further lower the amount you’ll need to borrow. 

Interest Rate (APR)

The interest rate or APR is the rate at which the lender will loan you the money for the car. 

This rate is a percentage of the principal amount that you’ll pay over the lifetime of the loan. 

Interest rates are affected by a variety of factors including:

  • Federal interest rates. 
  • Your credit score. 
  • The loan term you select. 
  • Dealership vs. private party purchase. 
  • Lease buyout vs. new vehicle purchase. 
  • New vehicle vs. used vehicle. 
  • The total amount of the loan. 
  • The state you live in. 

Interest rates are subject to change, so you should be sure to shop around with a few lenders when looking for a car loan. 

Your main options will typically include:

  • Getting financing through the dealership/manufacturer. 
  • Getting direct financing through a bank or credit union. 

If you find that rates have dropped or your monthly payments have become too high, you may be able to refinance your loan. 

Loan Term

The loan term is the total amount of time you’ll have to pay off the loan’s principal and interest. 

Car loans are typically offered in 12-month increments. The most common car loans you’ll generally see include:

  • 12 month.
  • 24 month. 
  • 36 month. 
  • 48 month. 
  • 60 month. 
  • 72 month. 

While you may be able to lower the monthly payment by extending the loan term, that means that you’ll be paying more in interest over the life of the loan. 

Additionally, a longer loan term may put you at risk of being underwater on the loan. 

Additional Costs & Fees to Consider when Purchasing a New Car

When you finance a car, your monthly loan payments aren’t the only costs you’ll need to consider. 

Be sure to also factor in:

  • Dealership fees.
  • State and local taxes.
  • DMV tag and title fees.
  • Insurance premiums. 

While those fees are generally paid one-time or annually and won’t directly affect your monthly payment, they are still important to consider as they will affect your overall cost of ownership. 

Learn more about tax, tag, and title fees.

Resources to Help you Find the Right Car

VINvaquero.com is the perfect place to start shopping around and researching new and used cars. 

Whether you’re in the market for something new or selling your old vehicle, we’ve got the tools and resources to help you along the way. 

Get started with some of our free research tools and car buying & selling guides below. 

Estimated MSRPs for Popular Cars

Audi

Audi ModelEstimated New Vehicle MSRP
Q3$36,400
Q4 e-tron$49,900
Q5$43,300
Q7$57,500
Q8$70,800
e-tron$65,900
A3$34,800
A4$39,900
A5$46,000
A6$55,900
A7$69,200
A8$86,500
TT$50,500
R8$148,700

BMW

BMW ModelEstimated New Vehicle MSRP
X1 Sports Activity Vehicle$35,400
X2 Sports Activity Coupe$36,600
X3 Sports Activity Vehicle$43,700
X3 M Sports Activity Vehicle$70,100
X4 Sports Activity Coupe$51,800
X4 M Sports Activity Coupe®$73,600
X5 Sports Activity Vehicle$60,600
X5 M Sports Activity Vehicle$106,100
X6 Sports Activity Coupe$67,350
X6 M Sports Activity Coupe$109,600
X7 Sports Activity Vehicle®$74,900
iX Sports Activity Vehicle$83,200
3 Series Sedan$41,450
5 Series Sedan$54,200
7 Series Sedan$86,800
M3 Sedan$70,100
M5 Sedan$103,700
i4 Gran Coupe$55,400
2 Series Coupe$36,350
2 Series Gran Coupe$35,700
BMW 4 Series Coupe$45,800
4 Series Gran Coupe$45,200
8 Series Coupe$85,000
8 Series Gran Coupe$85,000
M4 Coupe$72,000
M8 Competition Coupe$130,000
M8 Competition Gran Coupe$130,000
4 Series Convertible$53,300
8 Series Convertible$94,400
M4 Competition Convertible$86,500
M8 Competition Convertible$139,500
Z4 Roadster$49,900

Ford

Ford ModelEstimated New Vehicle MSRP
ECOSPORT$22,040
ESCAPE$26,510
BRONCO™ SPORT$28,165
BRONCO™$30,800
EXPLORER$33,745
EDGE$36,145
MUSTANG MACH-E$43,895
EXPEDITION$52,080
MAVERICK$19,995
RANGER$25,500
FORD TRANSIT CONNECT$28,670
F-150$29,290
F-150®$29,990
SUPER DUTY$37,495
F-150 LIGHTNING$39,974
TRANSIT$43,420
MUSTANG$27,205
EDGE ST$44,945
EXPLORER ST$47,745
F-150 RAPTOR$64,145
BRONCO™ RAPTOR$68,500
MUSTANG SHELBY GT500$77,155

Honda

Honda ModelEstimated New Vehicle MSRP
HR-V$21,870
CR-V$26,400
CR-V Hybrid$31,610
Pilot$37,580
Passport$37,870
Civic Sedan$22,350
Insight$25,760
Accord$26,120
Civic Si Sedan$27,300
Accord Hybrid$27,320
Clarity Plug-In Hybrid$33,400
Civic Hatchback$23,350
Civic Type R TC$89,900
Odyssey$33,040
Ridgeline$37,640

Jeep

Jeep ModelEstimated New Vehicle MSRP
GRAND CHEROKEE$38,720
WRANGLER 4xe$53,795
WRANGLER$29,995
GRAND CHEROKEE WK$37,375
CHEROKEE$33,995
COMPASS$26,390
RENEGADE$24,195
GLADIATOR$36,480
GRAND CHEROKEE 4xe$58,095

Kia

Kia ModelEstimated New Vehicle MSRP
Soul$19,290
Seltos$22,590
Niro$24,690
Sportage$25,990
Sorento$29,590
Carnival MPV$32,300
Telluride$33,090
Niro Plug-In Hybrid$29,590
Sorento Hybrid$34,090
Niro EV$39,990
EV6$40,900
Sorento Plug-In Hybrid$45,190
Rio$16,250
Rio 5-door$17,190
Forte$19,090
K5$23,790
Stinger$36,290

Lexus

Lexus ModelEstimated New Vehicle MSRP
IS$39,850
IS 500$57,575
ES$41,875
ES HYBRID$42,975
LS$77,075
LS HYBRID$113,075
UX$34,225
UX HYBRID$36,425
NX$39,025
NX HYBRID$42,125
NX PLUG-IN HYBRID ELECTRIC VEHICLE$56,725
RX$46,645
RX HYBRID$49,345
GX$56,700
LX$88,245
RC$43,545
RC F$66,945
LC$94,125
LC HYBRID$100,125
LC CONVERTIBLE$102,175

Mazda

Mazda ModelEstimated New Vehicle MSRP
CX-30$22,500
CX-5$26,250
CX-50$26,800
CX-9$35,630
MX-30 EV$33,470
MAZDA3 Sedan$21,150
MAZDA3 Hatchback$23,100
MAZDA6$24,475
MX-5 Miata$27,650
MX-5 Miata RF$35,350

Mercedes-Benz

Mercedes ModelEstimated New Vehicle MSRP
GLA SUV$36,400
GLB SUV$38,600
GLC SUV$43,850
GLC Coupe$52,500
GLE SUV$56,150
GLE Coupe$78,450
GLS SUV$77,850
Mercedes-Maybach GLS SUV$160,500
G-Class SUV$131,750
A-Class Sedan$33,950
E-Class Sedan$54,950
EQS Sedan$102,310
S-Class Sedan$111,100
Mercedes-Maybach S-Class$184,900
E-Class Wagon$68,400
CLA Coupe$38,200
C-Class Coupe$47,850
E-Class Coupe$66,100
CLS Coupe$72,950
Mercedes-AMG GT 4-door Coupe$92,500
Mercedes-AMG GT$118,600
C-Class Cabriolet$55,400
E-Class Cabriolet$73,250

Nissan

Nissan ModelEstimated New Vehicle MSRP
Kicks$19,800
Rogue Sport$24,460
Rogue$26,850
Murano$33,210
Pathfinder$33,880
Armada$49,150
Versa$15,180
Sentra$19,610
Altima$24,750
Maxima$37,840
Nissan LEAF$27,400
GT-R$113,540
Frontier$28,340
Titan$38,310
Titan XD$45,880

Porsche

Porsche ModelEstimated New Vehicle MSRP
718 Cayman$60,500
718 Boxster$62,600
718 Cayman GT4$101,200
718 Spyder$98,300
911 Carrera$101,200
911 Carrera 4$108,500
911 Carrera S$117,100
911 Targa 4$121,300
911 Carrera 4 GTS$144,000
911 Turbo$174,300
911 GT3$161,100
Taycan$82,700
Panamera$88,400
Macan$54,900
Cayenne$69,000

Subaru

Subaru ModelEstimated New Vehicle MSRP
Impreza$18,795
Legacy$22,995
Crosstrek$22,645
Forester$25,395
Outback$27,145
Ascent$32,295
BRZ$27,995
WRX$29,105

Tesla

Tesla ModelEstimated New Vehicle MSRP
Model S$99,900
Model 3$46,990
Model X$114,990
Model Y$62,990
Model S Plaid$135,990
Model X Plaid$138,990
Cybertruck$39,900

Toyota

Toyota ModelEstimated New Vehicle MSRP
Prius Prime$28,220
Prius$24,625
Corolla$20,175
Corolla Hybrid$23,750
Corolla Hatchback$20,915
Camry$25,395
Camry Hybrid$27,480
Avalon$36,375
Avalon Hybrid$37,350
Mirai$49,500
GR86$27,700
GR Supra$43,290
Sienna$34,710
Tacoma$26,700
Tundra$35,950
Highlander$35,405
Highlander Hybrid$39,055
Venza$32,890
C-HR$23,880
RAV4$26,525
RAV4 Hybrid$29,075
RAV4 Prime$39,800
Corolla Cross$22,195
4Runner$37,605
Sequoia$50,500