Car Payment Calculator

This calculator will help you see the weekly, bi-weekly, and monthly payment amounts for your new car. By using the car loan calculator, you can plan your budget depending on the money you saved and choose a payment frequency that works best for you.

How to Use a Car Payment Calculator

Using the car payment calculator is easy. Just simply follow these steps:

Enter the loan amount, interest rate, and loan term in months. Then, click calculate. You will get the amount you need to commit to, along with three payment choices: the monthly payment, biweekly payment, and weekly payment. Choose the one that’s right for you.

Can you afford a car?

There are a lot of reasons to buy a car, and a lot of reasons not to buy a car. This will depend on the situation you may be in. In most cases, car loan affordability depends on your income, expenses, credit score, and interest rates. Currently, interest rates are very high in most places thanks to inflation. However, it might be time to put some money down upfront, but again, only if you can afford it.

Think twice when buying a new car

Buying new cars costs buyers a significant premium. If you’re looking to budget, it’s best to buy a used vehicle these days. Have you heard of the term driving a car off the lot costs you 30% of the car’s value? That is, in fact, true.

If you’re in a panic and have lost a transmission or even an engine, then you definitely need the car payment calculator to help you make your decision. A transmission can cost $2,000 to $5,000 installed, and a new car can cost upwards of $80,000! For diesel pickup trucks, you’re looking at $130,000! So, before you make that decision, sit back and think: do I really need that car?

Don’t forget to factor in insurance costs, fuel efficiency, and warranty. These are some important things to remember before calling that dealership or bank to get your car loan.