Finance Tools
Auto Loan Payoff Calculator
See how long it will take to pay off your auto loan and how much interest you will pay, with or without extra monthly payments.
See how long it will take to pay off your auto loan and how much interest you will pay, with or without extra monthly payments.
How to use this auto loan payoff calculator
- Enter your current auto loan balance.
- Enter your annual interest rate for the loan.
- Enter your current monthly payment amount.
- Optionally enter an extra monthly payment if you plan to pay more than the required amount.
- Click Calculate to see how many months it will take to pay off the loan and how much interest you will pay in total.
Example
For example, suppose you owe $18,000 on your car, your rate is 7%, and you pay $380 per month. This calculator will show you:
- How many months it will take to pay off the loan at your current payment.
- The total interest you will pay until payoff.
- How the payoff time and total interest change if you add $50–$100 in extra monthly payments.
- Your estimated payoff month and year so you can plan around it.
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