The payment is the distraction. Here's the truth.
Enter the loan amount, rate, and term. You'll get the monthly payment, and the number the finance office rarely leads with: the total cost of borrowing.
Your result
$0 / month
- Total of all payments
- $0
- Total cost of borrowing (interest)
- $0
Long-term warning: you've chosen a term over 72 months. Loans of 84 months or longer made up about 12.8% of new financing in 2025, nearly double the 2019 share, and roughly 26% of trade-ins carried negative equity, per industry reporting. J.D. Power data suggests 96-month borrowers can be around $9,000 underwater by year 4. A longer term lowers the payment and raises both the total cost and the odds you owe more than the car is worth.
Estimates only. Actual payments depend on your lender's terms, fees, taxes, and compounding method. This tool is general information, not financial advice.
Trading in a car you still owe money on? Use the trade-in equity and negative equity calculator to see what rolls into the new loan.
Not sure what price range you should be shopping in? The car affordability calculator works backwards from your income and your bills to a maximum payment and vehicle price.