Calculate Car - Loan

: Use the formula =PMT(rate/12, nper, -pv) . For a $30,000 loan at 5% APR for 60 months, enter =PMT(0.05/12, 60, -30000) to get $566.14 .

: Monthly interest rate (Annual Percentage Rate (APR) ÷ 12 ÷ 100). : Total number of monthly payments (Years × 12). 3. Quick Calculation Tools calculate car loan

: A cash payment upfront (aim for 20% of the price). : Use the formula =PMT(rate/12, nper, -pv)

P=r×L1−(1+r)−ncap P equals the fraction with numerator r cross cap L and denominator 1 minus open paren 1 plus r close paren raised to the negative n power end-fraction : Total Loan Amount (Principal). : Total number of monthly payments (Years × 12)

How to Calculate Monthly Payments in Excel with PMT Function

: Use the Auto Loan Calculator from Calculator.net or the Bankrate Auto Calculator to estimate payments instantly. 4. Average Market Rates (April 2026)

: The value of your old car minus what you still owe on it. Rebates : Manufacturer incentives applied to the price. 2. Standard Car Loan Formula To find your monthly payment ( ) manually, use the fixed-rate amortization formula: