# Car Payment Calculator

## Payment Calculator Definition

Do you have a car payment? Maybe a new car and you are looking to see how much your monthly payments will be. This **car payment calculator** will help you with that information.

Figuring out your payments with this car payment calculator will help you manage your monthly and yearly budgets. This is a simple to use car payment calculator and we will instruct you on how to use it below.

First, enter in the LOAN AMOUNT FOR MONTHLY PAYMENT.

Next enter your INTEREST RATE.

Fill in the LOAN TERM FOR MONTHLY PAYMENTS. (How many months the loan will be active.)

If you have a CASH REBATE for your monthly payment, enter that in next.

TRADE-IN VALUE for your monthly payment gets entered in next.

Fill in the AMOUNT OWED for TRADE-IN VALUE if you have any.

Add your DOWN PAYMENT for MONTHLY PAYMENTS are added last.

Click the CALCULATE button next and your monthly payment will be given below in the box. If you made a mistake up above in the car payment calculator, just edit them and then click calculate again and your new figures will be given.