Auto loans calculator & comparison tool
Last updated: January 1
This calculator helps you to compare car loans to determine your best financing option. Note the differences between the amount of your down payment, loan term, and interest rate. Loans with the same interest rate will yield different payment amounts, depending on the length of the loan. This calculator generates your savings based on the interest earned from investing the difference in monthly payments. You can research your state's interest rates to help you gauge your loan rate.