Auto Loan Payoff Calculator

See how extra payments can pay off your car loan faster and save interest.

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Auto Loan Payoff

Enter your loan details and extra payment amount.

Payoff with extra payments
0 months
vs 0 months · Save $0
Standard payoff
0 mo
Standard interest
$0
Interest saved
$0
Months saved
0

Worked example

With the default inputs shown below, this calculator returns the following results:

InputValue
Loan balance ($)$25,000
Interest rate (%)6%
Remaining term (months)48
Extra monthly payment ($)$100
ResultValue
Payoff with extra payments41 months
Standard payoff48 mo
Standard interest$3,182
Interest saved$519
Months saved7

Values shown are produced by this page in your browser; change any input to update them.

How to use the Auto Loan Payoff

  1. Loan balance ($) — default $25,000
  2. Interest rate (%) — default 6%
  3. Remaining term (months) — default 48
  4. Extra monthly payment ($) — default $100
  5. Press Calculate to update the results instantly.

Frequently asked questions

Sources & references