Skip to main content Skip to footer

Auto Loan Payment Calculator

How much will I pay for my auto loan?

Other Auto Loan Payment Considerations

  • How much cash will you put down on a new or used car?
  • Are you providing a trade-in at the time of the auto purchase?
  • How much are the other related expenses (gas, insurance, repairs, etc.)?

How Much Can I Really Afford?

Are you looking to purchase a car and wondering how much you would pay for your monthly car payment? While a low-interest rate and attractive offer may seem like a no-brainer, it is important that the monthly payment and other expenses of car ownership fit within your budget. Before applying for your auto loan with TDECU, review your overall financial situation. This will help determine the monthly payment and total car cost you can really afford. Generally, a car payment should never exceed 10% of your total income (after taxes). 

When calculating, including additional information on the purchase price, any manufacturer's rebates, title and registration costs, depreciation, trade-in value, and amount owed on trade-in will help you determine the value of the vehicle. Adding loan terms, interest rates, and any vehicle down payment can help determine the monthly payment. With the "Show Amortization Schedule" feature on the calculator, you can discover how much of your monthly payment goes towards the principal.

Need to find a dealership? We have a list for you.

Let’s calculate your monthly auto loan payment!

Determine your monthly car payments with the TDECU Auto Loan Payment calculator.
Vehicle Information
Loan Information
Like your estimated payments?

No need to wait, you can apply for an auto loan today!

Monthly Car Payment Calculator Key Terms

  1. Amount Owed on Trade-In
    Any remaining loan balance owed on a vehicle you are trading in.
  2. Interest Rate
    An interest rate is how much you will pay each year to borrow money from TDECU, your bank, or your lender expressed as a percentage.
  3. Rebate
    Some manufacturers offer a cash rebate. The cash rebate paid by the car manufacturer will reduce your overall price of the car. Need help calculating how a rebate would impact your monthly payments?
  4. Title and Registration Costs
    The estimated cost for the title and the registering of your vehicle.
  5. Trade-In Value
    The amount or value you expect to receive if you are trading in a vehicle.
  6. Vehicle Depreciation
    New and used vehicles lose their value. Adjusting this option assists in calculating the value once the vehicle is paid off.
  7. Vehicle Down Payment
    The total amount of cash paid at the time of purchase. Your monthly payment and overall loan amount decrease based on the amount of your initial cash down payment.

Our financial calculators are provided as a free service to our Members. The information these calculators supply is from various sources based on calculations we believe to be reliable (but are not guaranteed, explicit, or implied) regarding their accuracy or applicability to your specific circumstances. All examples are hypothetical and illustrative and do not intend to provide investment advice. TDECU does not accept any liability for loss or damage whatsoever, which may be attributable to the reliance on and use of the calculators. Use of any calculator constitutes acceptance of the terms of this agreement. TDECU recommends finding a qualified professional for advice about your personal finance issues.