Auto Loan Calculators and Loan Payments
Calculate your auto loan payments with ease using the following tool. Enter your loan amount, interest rate, and loan term to determine your monthly payments.
Loan Amount ($):
Interest Rate (%):
Loan Term (years):
Monthly Payment ($):
Calculate Payment
Reset
function calculateAutoLoanPayment() {
const loanAmount = parseFloat(document.getElementById(“loanAmount”).value);
const interestRate = parseFloat(document.getElementById(“interestRate”).value) / 100 / 12;
const loanTerm = parseInt(document.getElementById(“loanTerm”).value) * 12;
if (isNaN(loanAmount) || isNaN(interestRate) || isNaN(loanTerm) || loanAmount <= 0 || interestRate <= 0 || loanTerm <= 0) {
alert("Please enter valid positive values for all fields.");
return;
}
const monthlyPayment = (loanAmount * interestRate) / (1 – Math.pow(1 + interestRate, -loanTerm));
document.getElementById("monthlyPayment").value = monthlyPayment.toFixed(2);
document.getElementById("loanPaymentDetails").style.display = "block";
document.getElementById("loanDetails").innerHTML = `Loan Amount: $${loanAmount.toFixed(2)}
Interest Rate: ${(interestRate * 100 * 12).toFixed(2)}%
Loan Term: ${loanTerm / 12} years
Monthly Payment: $${monthlyPayment.toFixed(2)}`;
}
