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Monthly Payment Calculator

  • ​Principle: The sum of cost and fees excluding interest

  • Interest Rate:  (APR) typically ranges from 3% to 18%, 

  • Loan Term: The number of months it will take to pay off at minimum payment. Loan terms range from 36-80 months with most people taking 60-month (5-year) loans. 

  • Down Payment: The amount of cash you pay up front that goes directly toward the principal cost of the vehicle.

  • Trade Value: Any cash value you are receiving from the dealer for a trade-in vehicle. Trade value functions the same as down payment.  

 

36 Months = 3 Years

48 Months = 4 Years

60 Months = 5 Years

72 Months  = 6 Years

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Estimate Your Car Payment in Seconds

Use our free Auto Loan Payment Calculator to get a fast, accurate estimate of your monthly car payment before you finance your next vehicle. Just enter the vehicle price, interest rate, loan term, and down payment — the calculator will do the rest.

Whether you’re buying from a dealership, exploring Buy Here Pay Here financing, or working with bad credit, knowing your budget helps you shop smarter.
 

How Our Auto Loan Calculator Helps Ohio Drivers

Understanding what you can afford is the first step to getting approved. Our tool gives you instant insight into:

  • Monthly payment estimates based on loan terms

  • Total interest paid over time

  • The impact of different down payments or APRs
     

This calculator is ideal for Ohio buyers looking to stay within budget or compare offers from multiple lenders.
 

What Affects Your Auto Loan Payment?

Several factors determine your monthly car payment:

  • Loan Amount: The total you’re borrowing after down payment.

  • APR (Annual Percentage Rate): Your interest rate, based on credit.

  • Loan Term: Longer terms = smaller payments, but more interest.

  • Down Payment: Reduces the amount you need to finance.
     

You can adjust each input to see how it changes your estimated payment in real time.

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