Car Loan Calculator
This car loan calculator will help you understand your budget for your next car. Our tool will help you estimate your monthly payments based on the price of the vehicle you want to buy and the duration of your loan term.
* This calculation is an estimate of what your payment can be based on the info you provided. This should not be relied upon as your actual payment.
Things to Consider
Buying a car is a big decision. But most of the time, in order to get that perfect car, you will need to finance it by getting a car loan. That’s where Simply Cars comes in. Our team will work with you to find the perfect car and get you the best financing options available for you.
Determine your Preferred Payment Amount
Its important to keep your monthly payments within your budget so you can make sure you can pay your car loan every month.
What is your Payment Frequency
Do you want to pay weekly, bi-weekly, or monthly.
What is the Duration of your Car Loan
You can choose to pay your car in as quickly as 12 months or as long as 96 months. A smaller duration will give you higher monthly payments, a longer duration will give you smaller payments. Select a plan that fits your budget.
Factor in a Trade-in
If you have a trade in, you can use that money from the dealership as a down payment to buy your new vehicle. This will help lower your car loan payments.
Consider a Down Payment
You can always put a down payment on your vehicle. This will help lower your car loan.