Car Payment Calculator

Estimate your monthly payment based on the car you’d like to buy, your financing option, and other factors.

Lease Payment

$0 (36 mo)

Loan Payment

$0 (72 mo)

Basic Info

Zip Code

Used to determine incentives in El Segundo, CA

Vehicle Price

Enter a price or select a car Select a Vehicle

Make

Model

Year

Prices

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Trade-In Value

Estimated Sales Tax

Financing Details

Below are the factors you can change to calculate different lease/loan payments

Term

Credit Score Range

Excellent

781-850

Good

671-780

Fair

601-670

Poor

600 or less

To determine approximate money factor

Interest Rate (APR)

Estimated based on your credit tier

Down Payment

Incentives

Check Incentives

Incentives available to most customers

We were unable to find any deals at this time.

Incentives that require special qualifications

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Lease Payment

$0 (36 mo)

Loan Payment

$0 (72 mo)

Loan Payment Summary

Vehicle Price$

Down Payment-$0

Trade-In Value -$0

Incentives -$0

Total Principal Paid 0

Total Interest Paid $0

Shop New Cars in This Range

Lease or loan approvals are not guaranteed and are subject to credit application and the lender's approval. Individual loan terms may vary.

Prices in this calculator are estimated and exclude taxes, title, license, and other customary fees, such as dealer documentation fees, tire and battery disposal fees, and, where applicable, finance charges.

Your actual price may also include factory and/or dealer-installed options. Pricing is based on supply & demand and may be subject to market fluctuation. See your CarsDirect Trusted Dealer for the latest pricing in your region.

Car Loan and Lease Terms to Know

Credit Score Range - The credit tier is used to determine approximate Money Factor (for leases) and Interest rate (for loans). This will allow us to calculate an approximate loan/lease payment. For actual payments, you will have to consult with a Dealer.

Money Factor -Money Factor - This is the estimated interest rate on a lease. In some cases, dealers may charge higher interest rates that include a markup. This is also called a dealer reserve and may be capped in some states based on regulation. Manufacturers may offer special lease rates for those with above-average credit. You can change the money factor if you have the appropriate financial knowledge or have a specific rate from a Dealer.

Residual Value - The residual value is what the lender expects the vehicle to be worth at the end of the lease. When you choose a vehicle in our calculator, your estimate is created based on the manufacturer's residual value.

Incentives - This tool is provided for estimation purposes based on manufacturer incentives in your region. In most cases, promotional rates require top-tier credit. Offers can change, sometimes without notice. Please see your dealer for the latest incentives applicable to you.

Capitalized Cost - The capitalized cost, or cap cost, is the amount financed on the lease. The gross capitalized cost includes fees and add-ons. The net capitalized cost reflects rebates and the down payment, if applicable.

FAQs

Loan

Is a down payment required for an auto loan

A down payment may be required on a car loan, especially if you have bad credit. The smallest down payment we generally recommend considering is around 10% if that’s the case.

Should I pay cash or take out a loan?

One of the biggest reasons to pay cash for a car is the ability to completely avoid interest charges. You may also be able to take some comfort in not having to make a car payment.However, not everyone may find that appropriate, especially when there are 0% financing deals. Additionally, a loan that fits your needs may have the benefit of helping build your credit.

Rebate vs. low-interest financing: which is better?

When it comes to buying a new car, you may have a choice between rebates and low-interest financing. While there can be exceptions, these incentives usually cannot be combined.If you’re deciding whether rebates or financing is better, consider looking at the total cost of a purchase. More importantly, be sure to factor in an interest rate that’s appropriate for you.On a 6-year loan for a $30,000 car at zero interest, the cost would be $30,000 before taxes & fees. With a $1,000 rebate and a loan at 7% APR, the same car would cost nearly $36,000.

Can I get an auto loan with bad credit?

Yes! You can get an auto loan even with bad credit. That’s because there are new and used car dealers that specialize in helping buyers with subprime credit (a FICO score of 670 or less).However, the average interest rate is generally higher with bad credit. You’ll also need to provide proof of income and other auto loan requirements when you have bad credit.

Lease

Can I negotiate a car lease?

Yes! A new car lease starts with a vehicle price that’s negotiated just like a purchase. However, manufacturer incentives for leasing are fundamentally different compared to buying. In some cases, lease deals may be considerably better than the offers for purchasing. Just be aware that manufacturer leases are merely examples and that dealer lease prices will vary.

How are lease prices determined?

Apart from the selling price, lease prices are based on the residual value (what the manufacturer expects the car to be worth after the lease is up), a money factor (the interest rate), and capitalized cost reduction (the downpayment). We recommend negotiating the best price you can by shopping around with multiple dealers. Be sure to ask about any loyalty discounts or incentives for switching brands, and keep in mind that new car deals usually come out at the start of the month.

What cars are best to lease?

The best cars to lease can leverage manufacturer incentives you may not be able to get when buying. This has especially been proven to be the case with the best electric car deals. In general, Hyundai Elantra leases offer some of the most competitive incentives on a car, with Chevy Equinox leases consistently ranking among the best SUVs based on national offers.

Should you put money down on a lease?

Most car leases assume some amount of money upfront to help lower the monthly payment. However, a bigger down payment doesn’t lower your overall cost to lease a car. What’s more, insurance companies will only cover the market value of a vehicle in the event of a total loss. As a result, a big down payment could put you at risk of losing money. One-pay leases wrap the cost of a lease into a single payment in exchange for lower lease rates. These types of offers may include GAP insurance to help mitigate the risk.

Can I lease a car with bad credit?

Leasing a car with bad credit may not be as easy as you think. That’s because manufacturers often require top-tier credit (a FICO score over 700) to qualify for their lowest lease rates. You may need to find a dealer that specializes in leasing cars with bad credit. CarsDirect has the nation’s largest network of dealers specially equipped to lease cars with bad credit.

What brands are the cheapest to lease?

Hyundai, Kia, and Buick often have the cheapest cars to lease. There may also be special manufacturer loyalty discounts that can help lower the cost for qualified returning lessees. Conversely, conquest cash incentives may provide a good reason to switch brands. The best discounts for switching brands can offer thousands in savings that you can’t get otherwise.

Car Affordability

How much car can I afford?

The MSRP of a car is only one piece of the puzzle. When deciding how much car you can afford, consider the total cost including taxes, title, and registration fees. Our calculator can help point you in the right direction but doesn’t factor in dealer-installed options, market adjustments, and other factors that may increase your total cost. Moreover, buyers with bad credit may not qualify for the best rates. On a $30,000 car, the difference between 0% and 7% APR can be about $6,800 on a 6-year loan.

Are new cars worth it?

New cars can be worth it, especially if you aren’t keen on the uncertainty of a used vehicle purchase. When leasing, you may also be able to take advantage of full warranty coverage. While new cars are generally more expensive than used ones, this isn’t always true. Several years ago, used car prices were more expensive than new ones due to an inventory shortage.

Are used cars worth it?

Used cars can be a good deal by allowing someone else to shoulder the burden of depreciation. However, the biggest downside to a preowned car is less peace of mind about its condition. Certified pre-owned cars, or CPO vehicles, can offer used car deals that you can’t get on a normal preowned car. These may include low interest rates that you may not see otherwise.

What brands make the most affordable cars?

Nissan, Kia, and Hyundai make some of the most affordable cars on the market. However, a major downside to some cheap cars is that they may be excluded from the best incentives. That’s because lower-margin vehicles like the Nissan Versa already offer a ton of value. Sometimes, especially when leasing, you may find better deals on more expensive models.

What cars have the biggest discounts?

The Audi A8, Nissan Armada, and RAM 1500 are just some of the vehicles with consistently big discounts. However, offers change monthly and can sometimes vary depending on the region. We feature the most-discounted cars in a monthly roundup. Just be aware that models with the biggest rebates usually don’t allow you to combine the discounts with low-interest financing.

Car Payment Calculator

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Car Affordability

Basic Info

Financing Details

Car Loan and Lease Terms to Know

FAQs

Helpful Resources

Getting a Car Loan

Bad Credit Car Loan

Car Refinancing

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