Car.com Auto Loan Calculator
Calculate your potential car loan payments with ease using our Auto Loan Calculator.
Loan Payment Breakdown:
Monthly Payment: $0.00
Total Payment: $0.00
Total Interest: $0.00
function calculateLoan() { 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 fill in all fields with valid numbers."); return; } const monthlyPayment = (loanAmount * interestRate) / (1 – Math.pow(1 + interestRate, -loanTerm)); const totalPayment = monthlyPayment * loanTerm; const totalInterest = totalPayment – loanAmount; document.getElementById('monthlyPayment').textContent = `Monthly Payment: $${monthlyPayment.toFixed(2)}`; document.getElementById('totalPayment').textContent = `Total Payment: $${totalPayment.toFixed(2)}`; document.getElementById('totalInterest').textContent = `Total Interest: $${totalInterest.toFixed(2)}`; }