Enter car details to calculate payment…
Calculates **monthly car payment** using **loan amount**, **interest rate**, and **term**. Includes **average U.S. rates (2025)**: $35,000 car, $5,000 down, 60 months, 6.5%. Credit score adjusts rate. Based on standard auto loan formula.
Wondering how much you’ll pay monthly for your next car? An Average Car Payment Calculator is your essential tool to estimate monthly payments, total interest, and loan affordability based on vehicle price, down payment, interest rate, and loan term. In 2025, with average new car prices at $48,700 and used at $27,300, plus 6.8% average APR for 60-month loans, payments range from $550 (used) to $950 (new)—but vary by credit score and incentives. Whether you’re financing a Tesla Model Y, Toyota Camry, or used SUV, Gcalculate.com delivers instant results with tax, fees, trade-in, and incentive adjustments. This guide covers the Average Car Payment Calculator, 2025 rates, examples, and tips—helping you buy smarter, save thousands, and avoid overpaying.
An average car payment calculator is an online tool (or manual formula) that estimates your monthly auto loan payment based on inputs like car price, down payment, interest rate, and loan term. It’s designed to help you:
Budget for a new or used car purchase.
Compare loan offers from banks, credit unions, or dealers.
Understand how factors like a down payment or trade-in value affect payments.
Estimate total interest paid over the loan term.
Uses the standard loan amortization formula to compute monthly payments and total cost.
Core Formula (PMT):
PMT = [P × r × (1 + r)^n] / [(1 + r)^n − 1]Steps:
| Credit Score | APR (New) | APR (Used) | Avg. Payment (New, 60 mo) | Avg. Payment (Used, 48 mo) |
|---|---|---|---|---|
| 760+ | 5.5% | 6.0% | $880 | $550 |
| 700–759 | 6.2% | 6.8% | $920 | $580 |
| 660–699 | 7.5% | 8.5% | $980 | $620 |
| <660 | 12.0% | 15.0% | $1,150 | $750 |
Average New Car: $48,700 → $695/mo at 6.8% APR, 60 months Average Used Car: $27,300 → $580/mo at 7.5% APR, 48 months
| Input | Value |
|---|---|
| Price | $45,000 |
| Down Payment | $5,000 |
| Trade-In | $10,000 |
| Tax (7%) | $3,150 |
| Fees | $1,200 |
| Loan Amount | $34,350 |
| APR | 6.8% |
| Term | 60 months |
Monthly Payment: $678 Total Paid: $40,680 Interest: $6,330
| Input | Value |
|---|---|
| Price | $25,000 |
| Down | $3,000 |
| Trade-In | $0 |
| Tax (8%) | $2,000 |
| Fees | $800 |
| Loan | $24,800 |
| APR | 7.5% |
| Term | 48 months |
Monthly: $601 Total: $28,848 Interest: $4,048
Use the Average Car Payment Calculator on Gcalculate.com → Input $45,000, $5,000 down, 6.8% APR, 60 months → Get $678/mo, $6,330 interest, total cost $40,680. An Average Car Payment Calculator is your 2025 car-buying superpower—turning a $45,000 SUV into $678/month with $6,330 interest over 60 months. On Gcalculate.com, include down payment, trade-in, tax, and fees for real-world estimates—saving $100–$300/month with 20% down and 60-month terms. From $550 used to $950 new, avoid 72-month traps, pre-approve at 5.5%, and drive off smarter.
Try it now → Gcalculate.com/average-car-payment-calculator/
Enter price ($45,000), down ($5,000), APR (6.8%), term (60 mo) → get $678 monthly, $6,330 interest using amortization.
$695 for new ($48,700, 60 mo, 6.8% APR); $580 for used ($27,300, 48 mo, 7.5%).
20% ($9,740 on $48,700) — avoids negative equity and lowers interest.
No — lowers monthly $100 but adds $3,000+ interest; stick to 60 months.
Yes — 7–10% of price ($3,400–$4,870) added to loan amount.
Yes — subtracts from loan (e.g., $8,000 trade-in = $160/mo off).
5.5% (760+ score), 6.8% (700), 12% (<660) — shop credit unions.