Car Payment Calculator For Bad Credit – Free Auto Loan Tool

Free tools

Car Payment Calculator for Bad Credit — Free Auto Loan Tool

Two calculators below — one to estimate your monthly payment, one to show you exactly how your loan breaks down month by month. Bad credit loans typically run 18–29.9% APR. Plug in what you’re being quoted and see the full picture before you sign anything.

Payment calculator

What will my monthly payment be?

Enter your loan details below. Bad credit loans typically run 18–29.9% APR — adjust the rate to match what you’re being quoted.

$
$
$
$
Monthly payment
Amount financed
Net trade equity
Total interest paid
Total cost of loan
Gary’s note: That total interest number is why your down payment matters so much on a subprime deal. Every dollar you put down upfront is a dollar you don’t pay interest on for the life of the loan. Even $500 more down makes a real difference at these rates.

Amortization schedule

How does my loan break down month by month?

This shows exactly how much of each payment goes toward your principal vs. interest. At high APR rates, the early months are mostly interest — this is why paying a little extra toward principal early in the loan can save you real money.

$
$

See how paying extra each month pays your loan off faster and saves on interest.

Base monthly payment
Total interest (base)
Total paid (base)
#DatePaymentPrincipalInterestBalance

Free resource

Want to know what else dealers are looking at beyond your credit score?

Your payment and rate are only part of the picture. Download the free guide — The 7 Things Dealers Check Beyond Your Credit Score — and understand the full approval process before you walk onto any lot.

Get the free guide