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Car loan

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Monthly payment on a new or used car, including trade-in, taxes, and fees, with a side-by-side look at loan lengths.

How this calculator works

The amount financed is the vehicle price plus tax and fees, minus your trade-in and cash down payment, plus anything still owed on the trade-in. The monthly payment uses the same amortization formula as other fixed-rate loans. The comparison table shows how stretching the loan lowers the payment but increases interest, which is why many buyers aim for 60 months or less.

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Disclaimer: This calculator is for education and planning only and is not financial advice. Actual rates, fees, and terms vary by lender and your credit, so confirm the numbers with your lender before you sign anything.

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