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Automobile Loan Payment Calculator to Calculate Monthly Car Payments

Calculator Preferences
Auto Loan Payment Calculator

This calculator will calculate the monthly payment and interest cost of an auto loan. Plus, unlike other auto loan payment calculators, this one will tell you how many hours you will need to work to pay all of the principal and interest payments. Also includes a printable amortization schedule. The Notes tab includes:

  • Auto financing does not preserve cash reserves.
  • Become your own auto finance company.
Learn More

Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Loan amt:Auto loan amt:Automobile loan amount:Automobile loan amount:

Automobile loan amount:

Enter the dollar amount of the vehicle loan (principal amount), without the dollar sign or any commas.

Rate:Interest rate:Annual interest rate:Annual interest rate:

Annual interest rate:

Enter the annual percentage rate (APR) of the vehicle loan, but without the percent sign.

# of pmts:# of payments:Auto loan term in months:Automobile loan term in months:

Automobile loan term in months:

Enter the term (number of monthly payments) of the vehicle loan.

RHW:Real wage/hour:Real hourly wage (optional):Real hourly wage (optional):

Real hourly wage (optional):

If you would like the calculator to calculate the number of hours you will have to work to pay off the vehicle loan, enter your real hourly wage in this field. Clicking on the link will open the Real Hourly Wage Calculator in a new window.

Or, if you don't care how many hours you will need to work, just leave the field blank.

Schedule?Incl schedule?Include amortization schedule?Include amortization schedule?

Include amortization schedule?

If you would like the results to include an amortization schedule, select either "Monthly" or "Annual" from the drop-down menu. Otherwise select "None".

Payment:Monthly pmt:Monthly payment amount:Monthly automobile payment amount:

Monthly automobile payment:

Based on your entries, this how much your monthly auto payment will be.

Tot pmts:Total pmts:Total of all payments:Total of all monthly payments:

Total of all monthly payments:

Based on your entries, this is the total of all of your monthly car payments.

Interest:Interest cost:Interest cost:Interest cost:

Interest cost:

Based on your entries, this is how much interest you will pay between now and when you finish the auto loan repayment.

Work hrs:Work hours:Required work hours:Required work hours:

Required work hours:

Based on your entries, this is how many hours you will need to allocate to working in order to pay back the auto loan principal and interest. This does not include all of the hours you will need to work to pay for the down payment and all of the upfront and ongoing costs that come with buying and owning an automobile.

Work wks:Work weeks:Required 40-hour work weeks:Required 40-hour work weeks:

Required 40-hour work weeks:

Based on your entries, this is how many 40-hour work weeks it will take you to pay back the auto loan principal and interest. Again, this does not include all of the 40-hour work weeks it will take you to pay for the down payment and all of the upfront and ongoing costs that come with buying and owning a vehicle.

If you would like to save the current entries to the secure online database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

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Tip

About

About the Auto Loan Payment Calculator

This calculator will calculate the monthly payment and total interest cost based on the loan amount, interest rate, and number of payments.

Plus this calculator will also optionally calculate the number of hours you will need to allocate to working in order to repay the auto loan principal and interest.

Finally, the results also include an optional, printable, monthly amortization schedule showing the principal and interest breakdown of each payment.

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Instructions

How to use the Auto Loan Payment Calculator

Step #1:

Enter the amount to be financed.

Step #2:

Enter the annual interest rate of the loan.

Step #3:

Enter the term of the loan in number of monthly payments.

Step #4:

If you want to see how many hours you will need to work to make all of the loan payments, enter your real hourly wage. Otherwise leave that field blank.

Step #5:

Indicate whether or not you would like a monthly or annual amortization schedule included in the results.

Step #6:

Click the "Calculate Auto Payment" button and scroll down to see the results.

Saving Entries:

If your web browser supports Local Storage, you can save your entries to your web browser so won't have to start over on your next visit. Please note that your saved entries can only be retrieved from the same device and web browser you were using when you stored them. If you would like to access your saved entries from any device I invite you to subscribe to the Ad-Free Member Version.

To save your entries to your web browser, click or tap the Data tab in the Help and Tools section (mobile: top right of the main screen), select "New Data Record" from the drop-down menu, enter a name for the data record, and then tap or click the Save button.

To load previously saved entries, click or tap the Data tab and select the saved data record from the drop-down menu. You can then save any changes to your entries by simply clicking the Save button while the data record is selected.

To clear a named set of saved entries, click or tap the Data tab, select the saved data record from the drop-down menu, and then tap or click the Clear button.

Numbers and Decimals:

Only numeric characters (0-9 and decimal points) may be entered in numeric fields. Non-numeric characters (dollar signs, percent signs, commas, etc.) may cause calculation errors. If the field includes a grid icon, tapping the icon will open a popup keypad which will include only the characters allowed in the field. If your device keypad does not include a decimal point, use this popup keypad to enter decimal numbers where applicable.

Popup Tool Tips:

Tap the info (i) icons for a further explanation of each entry field (you can click [X] or outside of the pop-up tool tips to close them). A summary of these explanations, along with any additional term explanations, can also be found under the Terms tab.

Disclaimer:

Since I can't test for every possible combination of numbers, please be sure to double-check the results of this calculator yourself before considering them to be valid. If you do discover an issue with the calculated results, please report the issue using the feedback form located below the calculator.

Scrolling & Shrinking:

In order to scroll the calculator vertically you will need to swipe just outside of the calculator's dark-blue border, or use the window's far right-hand scroll bar, whichever is applicable to your device.

If the top section of the calculator becomes to tall for your viewport, tapping in the "Enter a problem..." field should reset the top section to its original height.

Disclaimer:

The Algebra Calculator is the only calculator on the site that I did not create myself. And since I did not create it, I don't have access to the code for fixing any issues you may be experiencing. So if you are having issues with the calculator, please visit the support page at Mathway.com for assistance.

Glossary

Fields, Terms, and Definitions.

Reset button:

Clicking the "Reset" button will restore the calculator to its default settings.

Pocket Calculator

Calculate any amounts needed to enter into calculator.

 

Data Management

Save and retrieve entries and notes (requires HTML5 compliant web browser).

Calculator Data

Calculator Data:

If you are using the latest version of your web browser software, this feature will allow you to save your calculator entries to your web browser's local storage in between visits. This means the calculator entries can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save data between devices you will need to subscribe to the Ad-Free Member Version.

Save: To save a new set of calculator entries, select "New Data Record" from the dropdown list, enter a nickname for the data record, then click the "Save" button.

Load: To load a previously saved set of calculator entries, simply select the name of the data record from the dropdown list.

Save Changes: To save changes to a set of previously saved calculator entries, be sure the name of the data record is selected, and then click the "Save" button.

Clear: To clear a saved set of entries, be sure the name of the data record is selected, and then click the "Clear" button.

Backup Data
My Notes:
Subscribe to the Cloud level of the Ad-Free Member Version to save your entries and notes to a secure online database, allowing you to access your saved entries from any device or web browser.

Sorry! The Save functions are bonus features reserved for those who allow ads to display on the page.

If you would like to use the Save features, please disable ad blocking for this website and refresh the page. Or you can choose to subscribe to the Ad-Free Member Version of the site.

Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.

 

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