Car Loan Calculator

Best Car Loan Calculator For New And Used Cars

Car Loan Calculator

Purchase Details

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Loan Calculation

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Try Our Vehicle Service Calculator

3 Steps. Instant Decision.

Finally. A much easier way.

Try Our Vehicle Service Calculator

3 Steps. Instant Decision.

Finally. A much easier way.

Common Car Loan Questions

Is a 72 month car loan bad?

A 72-month car loan can make a lot of sense and is perhaps the most popular car loan finance term available today.

This is due in part to the rates offered by many of the manufacturers’ own banks and the institutional reduction of the interest rates set by the Federal Reserve.

But, this general rule may not apply to everyone. Let’s take a look at the math.

  • $35,000 Average Car Price
  • $2,450 Sales Tax
  • 4.5% Interest Rate
  • $577.42 / Month for 72 Months vs $681.28 / Month for 60 Months
The difference in payment interest payments is roughly $1,685.

It is clear that although a 72 month car loan sounds appealing it only is for those who have high enough credit scores to secure low rates. In most cases people end up paying more than they bargained for and this is why it is so important to know all of the costs associated with car ownership before you sign on the dotted line.

Be sure to always use our car loan calculator to determine your monthly payments and our vehicle service contract calculator to secure some piece of mind for the unforeseen repairs that are likely to happen when you least expect them.

What is a good interest rate for a car loan?

The best possible anyone can input into the car loan calculator is 0%. Interest rates are relative to the day, month, year and market conditions. For example currently the car loan rates fall between 2.65% and 4.19% for 60 months. Car loan calculator rates are post frequently by trusted industry leaders like this feed from Bankrate.

Who is Eligible For ?

DISLCLAIMER: Eligible is a nationwide company marketing vehicle service contracts on behalf of 3rd party administrators; you determine which is right for you. Deductible may apply. Coverage, deductibles, and claims payment vary depending on vehicle age, mileage, and equipment. Routine maintenance is required at your expense along with repairs not covered by your contract. Repairs can be completed by any ASE Certified® mechanic. Membership(s) are not available in HI, AK, CA, LA, FL. Eligible & EligibleWarranty.com is not affiliated with any auto dealer or manufacturer. You will be contacted by e-mail, phone, and/or text once we receive your quote submission. Administered by Universal Underwriters Service Corporation UUSC Service Company in New York, 7045 College Boulevard, Overland Park, KS 66211; Parts of like kind and quality may be used including remanufactured parts. Vehicle names, logos, brands, & other trademarks featured or referred to within are property of their respective trademark holders. A Vehicle Service Contract (VSC) is often referred to as an “auto warranty” or an “extended car warranty,” for marketing purposes only. But it is not a warranty. A VSC does, however, provide repair coverage for your vehicle. Not all vehicles qualify for coverage.  Eligible does not offer or sell Vehicle Service Contracts in AK, CA, HI, LA or FL.
Extended Car Warranty Eligible