Auto Loan Calculator

Use this to calculate auto loan payment. Compare different loan offered and all cash payment.

This tool helps answer :
  1. Should I put more or less downpayment? Should I choose longer or shorter mortgage term?
  2. If I have enough cash to buy a car, but have higher-yield investment opportunities, should I use auto loan or pay all cash to purchase?
Car Finance clear
Purchase price
Trade-in car value
Downpayment  
Loan term months
Interest rate
Cash back offer
Sales tax
Loan origination fees
Other fixed fees the unavoidable fees you must pay whether to use loan or pay with cash, such as title, registration, inspection, government, and dealer fees.
Loan amount
Monthly payment
Up-front payment
Total payment
Loan Consideration
Plan A
Plan B
Downpayment ($)
Downpayment
Loan term (months)
Interest rate
Cash back offer
Investment yield the expected return of investment when you invest extra cash
Loan amount
Up-front payment
Monthly payment
Net present value (NPV) This is how much the NPV of using loan is higher/lower than the NPV of buying with all cash. When investment yield is higher than loan rate (APR), your NPV of using loan is normally higher than the NPV of buying with all cash. This is becasue your investment income is higher than the loan interest, and it brings you more cash inflow in the long term.
The winner plan The better Plan you should consider is the one with the higher NPV, it brings a better financial outlook in the long term. winner winner
All Cash Purchase (no Loan)
Net present value (NPV) winner
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