Calculating a Monthly Payment

When financing a vehicle, calculating a monthly payment depends on a few factors, including:

Amount Financed - The dollar amount of the credit provided.

Down Payment - An initial payment made to reduce the amount financed.

Annual Percentage Rate (APR) - The cost of credit expressed as a yearly rate.

Term - The number of monthly payments.

Use the Auto Financing Calculator to get an understanding of how certain factors can affect a monthly payment. The goal is to get a monthly payment that's within your budget. Try using different numbers to get an idea of what you'll need to qualify for when you're ready to finance a vehicle.

Auto Financing Calculator


Estimates are based on the amount you expect to finance, the rate (APR) and term you think you may qualify for.

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