CalculynWhat is the monthly payment on a $45k car loan?
At 7% APR over 60 months, a $45,000 car loan costs about $891 a month, with $8,463 in total interest.
Payment by loan term
| Term | Monthly | Total interest |
|---|---|---|
| 36 months | $1,389 | $5,021 |
| 48 months | $1,078 | $6,724 |
| 60 months | $891 | $8,463 |
| 72 months | $767 | $10,239 |
| 84 months | $679 | $12,050 |
Payment by interest rate (60 months)
Example rates, not a quote. Your rate depends on credit, lender and vehicle age.
| APR | Monthly | Total interest |
|---|---|---|
| 5% | $849 | $5,952 |
| 6% | $870 | $7,199 |
| 7% | $891 | $8,463 |
| 8% | $912 | $9,746 |
| 10% | $956 | $12,367 |
How it's calculated
Monthly payment = P × r ÷ (1 − (1 + r)^−n), where P is the amount borrowed, r the monthly rate (APR ÷ 12) and n the number of months. Taxes, fees and a down payment change the amount you finance.
Change the numbers →
Open the Car Payment Calculator with these values filled in.
These figures are educational estimates, not financial advice.
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