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  5. Calculate Your Auto Loan Payments

Calculate Your Auto Loan Payments

Calculate monthly car payments based on price, down payment, interest rate, and loan term. Compare auto loan options. Free car loan calculator.

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FAQ

What auto loan term should I choose?

Financial advisors recommend 48-60 months maximum. Longer terms (72-84 months) reduce monthly payments but cost significantly more in total interest and risk being 'underwater' (owing more than the car is worth). A 48-month loan on a used car or 60-month loan on a new car balances affordability with total cost.

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