What is a good car loan interest rate in 2025?

For new vehicles in 2025, borrowers with excellent credit (750+ FICO) can expect 5-6.5% APR. Used vehicles are typically 1-2% higher. Always compare your bank or credit union rates with dealer financing.

Should I choose a 60-month or 72-month car loan?

A 60-month loan has higher payments but less total interest and no long underwater risk. A 72-month loan lowers payments ~$80-120/month but adds $1,500-3,000 in total interest.

How much car can I afford?

The 20/4/10 rule: put 20% down, finance for max 4 years, keep total vehicle expenses under 10% of gross monthly income.

Car Loan Calculator — Monthly Payment & Total Interest

← Alle værktøjer / Car Loan Calculator

Lommeregner for billån

Calculate your monthly car payment, total interest, and full loan breakdown for any auto loan.

Vehicle Price ($)

Udbetaling ($)

Trade-In Value ($)

Sales Tax (%)

Årlig rente (%)

Lånetid

Månedlig betaling

Lånebeløb

Samlet rente

Samlede omkostninger

Monthly Amortization Schedule

#	Payment	Rektor	Interest	Balance

US Auto Loan Averages (2025)

New car rate (excellent credit)	5.0–6.5%
New car rate (good credit)	6.5–9%
Used car rate (excellent credit)	6.5–8.5%
Average new car price	~$48,000
Average monthly payment (new)	~$734
Most popular loan term	72 months

How to Use the Car Loan Calculator

Indtast vehicle price, your udbetaling, any trade-in value, your state's sales tax rate, the rente offered by your lender, and the lånetid. The calculator computes your exact monthly payment, total interest you'll pay over the life of the loan, and a full month-by-month amortization schedule showing how much of each payment goes to principal vs. interest.

Ofte stillede spørgsmål

For new vehicles in 2025, borrowers with excellent credit (750+ FICO) can expect rates of 5–6.5% APR at banks and credit unions. For used vehicles, rates are typically 1–2% higher. Dealership financing can vary widely — always compare with your bank or credit union first. Rates above 10% on a car loan are considered high.

A 60-month (5-year) loan has higher monthly payments but you pay significantly less interest and own the car sooner. A 72-month (6-year) loan lowers your monthly payment by about $80–120 but adds $1,500–3,000 in total interest and increases the risk of being "underwater" (owing more than the car is worth) for a longer period. Use the amortization table above to compare both terms.

The 20/4/10 rule is a common guideline: put 20% down, finance for no more than 4 years, and keep total vehicle expenses (payment + insurance + gas) under 10% of gross monthly income. For a $7,000/month income, that's $700/month max for all vehicle costs. At current rates, that supports roughly a $28,000–$32,000 vehicle with a solid down payment.