In the market for a used car? Our used car calculator shows you the expected monthly payments, a breakdown between your principal and interest, and a full payment schedule.
How Much Will My Monthly Used Car Loan Payment Be?
Before buying a used car, it’s a great idea to determine how much your monthly loan payments will be. Our used car loan calculator also breaks down your monthly principal and interest owed, while showing a full payment schedule.
How to Use Our Used Car Calculator
Your monthly payments will depend on the amount of money borrowed, the annual interest rate, and your loan term (the time period during which you’ll repay the loan).
For example, if you plan to borrow $15,000 at 4.5% interest – and repay it over 6 years – you would enter:
- "$15,000" for your Loan Amount
- "6" as the Term
- "4.5%" as the Annual Interest Rate.