Car Payment Calculator

It is important to get pre-approved for an auto loan and know the interest rate of the loan before you go to the dealership or to a credit union. Before you look for a loan, you should also determine how much you can afford to pay each month. We offer a free car loan calculator for vehicle purchases.

By using our auto loan calculator, you can then go and shop for a car at a purchase price that fits within your budget. If you figure out your loan payment in advance, you can get a better idea of what your monthly payment will be after you purchase a new or used car from your local car dealership.


Is There a Required Down Payment to Get a Low Auto Loan Rate?

It has become more common in recent years for lenders to not require a down payment for you to obtain auto loans and get an interest rate that fits your monthly payment budget. Being able to put a down payment towards your auto purchase may help to lower your interest rate, but it is no longer a requirement for most lenders.

You can also use the trade-in value of a current vehicle as a down payment for a new vehicle. If you decide to trade in a car that is not paid off, you will need to make sure that your amount owed on trade, or the loan balance is lower than the value of the car. This can help to lower your total loan amount.

Factory rebates from the dealer can also act as a down payment. No need to make a purchase decision today. With our easy online tools, you can find out within hours your loan options and have an idea of your monthly payment.


Sales Tax

As you negotiate your best deal on the payment price, be sure to leave enough money to cover the sales tax and any additional fees/purchases, like a warranty or title transfer fees. This way your total “out the door” cost does not exceed the maximum amount of your preapproved auto loan.

The sales tax rate on cars is based on where you purchase the vehicle. Be sure to check your local sales tax percentage rate to estimate your total loan amount. A sales tax is usually paid whenever a vehicle’s ownership changes to a new owner during a purchase. Sales tax may be due at the time of purchase, or the sales tax may be due at the time of registration. This is an amount owed on the trade of the vehicle. Sales Tax often applies to new and used cars. The tax is often not included in the vehicle purchase price, so be sure to budget accordingly.

Check to see if your state has a sales tax deduction or exemption for vehicle transfers between close family or if the car s given as a gift. If the car is going to be used for business, charity, medical, or moving expenses, you may qualify for a sales tax deduction.


Can I Get a Car With a 500 Credit Score?

Car dealers want to sell you a car and help you get an auto loan at the best price. It takes a long time to build up your credit and you need a car now. AllCreditCarLoans is here to help you! Although your credit score does factor into your loan amount and interest rate, there are affordable options out there for you to finance a car.

The best place to start is with our free, no-obligation interest form. The best part is that our form only takes a few minutes to fill out and you will have an answer within a matter of hours on your car financing options.


Which Bank Is Best for Car Loans?

If you go straight to a bank or credit union and have bad credit, you may not get approved. By going through AllCreditCarLoans, our network of industry experts will extensively research options to get you approved for the best auto loan rates given your financial situation.

We’ve provided car loan rates for first-time buyers, car payments options for college students and we are proud to have arranged military and veteran auto financing for service members and their spouses. We’ve even been able to help foreign nationals and others who do not qualify for a social security number to obtain an auto loan with their ITIN number. Let us help you too!


What Is the Cheapest Car Loan ?

Starting with our FREE application, you can find out in a matter of hours what your options are for getting a car loan . Gone are the days of sitting at the dealership for hours waiting for the car financing team to look into options, only to find you are not approved.

Get approved before you go to the dealership so you know what car you can afford. Our team of experts makes sure that you are getting the best options for your auto loan monthly payment. We want to help you get approved quickly and get the best price possible. And there is no cost to you to use our free online approval form. Simply fill out a few form fields and we will send the loan financing options.


Used Car Loan Rates?

The best used auto loan rates are just a click away. Our team of experts will research the best used auto loan rates , given your financial situation. All you have to do is fill out our short online survey and we will let you know the best used auto loan rates within hours.


New VS. Used Car Loan Rates

Auto loan rates for a used car are typically higher than a new car. However, we will research all options if you are looking to buy a used car and get you the best used auto loan rates .

We find that most of our car buyers are looking for used cars, and our network of professionals are ready to help find you the lowest used car loan rates . Once you are approved for a loan, then you can head down to the dealership and shop for your perfect car knowing that you have the best used car loan rates .


Car Loan Calculator

Do you wonder how much your average monthly payment will be including interest for the car you have been looking at purchasing? Look no further than our online car payment calculator that will show you an idea of your monthly payment. Use the AllCreditCarLoans car loan calculator before going to a credit union to help determine how much you can afford to spend when financing or refinancing a car.

You can run multiple scenarios varying the “down payment” and “number of months” in order to get the car loan payment where you would like it to be. We want to help make your monthly payments as manageable as possible. You do not have to search around for an old used car that you can make a full purchase on. We are here to help you find loan terms that are manageable for you monthly.


What Is the Lowest Interest Rate for a Car Loan?

There are many factors that go into determining the interest rate and final loan amount on cars. We specialize in helping people with bad credit get the lowest auto loan interest rate possible. Our rates start at 2.9% APR. If you have bad credit, apply for an auto loan with our free online form. This process takes five minutes or less and we will send you your options for auto loan interest rates with a matter of hours. You can then know the total amount you will be paying for your auto loan. With today’s online banking options, you may have the ability to pay your loan online through your lender with a routing number.


Auto Refinance Rates

Refinancing can help you to get a lower interest rate on your auto loan. Refinancing your auto loan may make sense if your credit has increased than when you first applied for your auto loan. You will typically want to wait at least 60-90 days before applying for a refinance loan.


Refinance Tips

You will want to make sure that you know your current monthly auto loan payment, the remaining balance, the amount of time left to pay off your loan, and the interest rate you are paying. If you have made all your car loan payments on time for at least one year, your credit has likely improved and there is a good chance you can benefit from a refinance.

You will first need to determine if the refinance makes sense and we are here to help you with that. By is filling out our easy online application which takes five minutes or less, you will get options for auto loans and you can compare to see if you qualify for a loan with a lower interest rate.