Planning for your next auto loan is a simpler process when you use this car payment calculator. Use it to determine how much car you can afford. Calculate how much you can expect to pay each month as you plug in varying car prices, the current auto loan interest rates, and loan lengths. The calculator can even take into consideration how much you are able to pay up-front either through a down payment or a trade-in.


Calculate Monthly Payment

*Purchase Price: $
Down Payment: $
Trade-in Value: $
*Interest Rate: %
*Loan Length: months
Monthly Payment: $

Car Insurance Discounts

While you are in the process of purchasing your next new or used car and as you outline your current and impending costs to decide what you can afford, we recommend you also consider the inevitable monthly car insurance premium. According to a national study, the average annual cost of car insurance was $907.38 ( Because car insurance is just another thing you will need to evaluate, here is a tool to help you find the car insurance discounts available in your area. Enter your zip code and see what discount(s) you can get.


Auto Loan Frequently Asked Questions

Before you finance a vehicle, be sure you honestly assess your financial situation to make sure that with you will have enough income to cover a car loan and car insurance payment, in addition to your other monthly living expenses. We strongly recommend that you only take on financing a vehicle when you can afford to take on that obligation. Remember that when financing a vehicle, the total amount you will pay for the loan by the time you finish will depend on several factors including the price you negotiated for the vehicle, the Annual Percentage Rate (APR or interest) of your loan, the amount of your loan's monthly payments, and the number of months of the credit contract.

  • What types of loans do you offer?
  • What are the auto loan eligibility requirements and conditions?
  • Can I refinance my existing auto loan through this process?
  • In which states is auto financing available?
  • Do I need to be a legal citizen to apply for an auto loan?
  • Is there a required down payment for an auto loan?
  • Can I be approved before I pick out my car?
  • Do you charge an application fee or are there any other fees in the application process?
  • How long will my loan offer and interest rate be good for?
  • What is a simple interest loan?
  • What type of information do you collect from me?
  • How do I apply for an auto loan?

Why Use an Online Car Loan Application

There are an incredible amount of dealers and lenders across the nation whose objective is to help consumers of all credit scores get into a car that they need and want. Our job as an online car loan site is to provide you with a simple, 100% secure application that will enable us to filter through the many dealers in your area and match you with the ones that want to help you. Fill out the quick application and get connected with a quality dealer near you.


Auto Loans for Poor Credit

Do you have a credit score around or below 625? Unless you know exactly where to look, the chances are high that you will have a hard time getting a car loan at most dealerships. Fortunately, Car Loan Pal has relationships with many dealers and lenders who are willing to lend to consumers with bad to fair credit. Yes, although they aren't easy to find, these dealers and lenders do exist. Find a dealer who can help you by filling out our quick, secure application.