Car Payment Calculator

As of 2024-2025, rates vary by credit score. Excellent credit (750+): 4-6%. Good credit (670-749): 6-9%. Fair credit (580-669): 9-14%. Poor credit (under 580): 14-20%+. New cars typically get lower rates than used. Credit unions often beat dealer financing by 1-2%.

Shorter is better financially. 36-48 months means less interest paid overall. 60 months is the sweet spot for most buyers. Avoid 72-84 month loans if possible — you will be underwater (owing more than the car is worth) for most of the loan. Never stretch a loan term just to afford a more expensive car.