Used Car Loan Calculator
pre-owned financing · higher-rate ready
Advanced options (taxes & fees)
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Monthly used-car payment
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Amount financed
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Total interest
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Total payable
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Rate entered
Used-car loan snapshot
Used cars typically carry APRs 1–3% higher than new. Enter the dealer price, your down payment and the APR to see the true monthly cost.
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How used car financing differs
- Higher APR: because a used vehicle has less collateral value, lenders typically charge 1–3% more than on new cars.
- Shorter max terms: many lenders cap used-car loans at 60–72 months, especially on older model years.
- Lender age limits: some banks will not finance cars over 10 years old or over 100k miles.
- Tip: a credit-union pre-approval protects you from inflated "buy-here-pay-here" rates.
Estimate only: Estimate only — actual financing terms vary by lender, vehicle age and your credit profile.