Auto Loan Comparison Tool

In the 2026 automotive market, dealerships often provide multiple financing paths. One might offer a low APR with a higher sales price, while another offers a large rebate but a standard interest rate. This tool allows you to plug both into a side-by-side comparison to see which one saves you the most money over the life of the loan.

With car prices fluctuating, many owners find themselves "upside down"—owing more on their trade-in than it is worth. If you are rolling negative equity into a new loan, it is vital to see how it affects your Total Loan Amount. This increases your monthly payment and can lead to a cycle of debt if you don't use a large enough down payment to offset the difference.

Sales tax is often forgotten until the final signature. Our calculator applies the tax rate to the net price (Price minus Trade-in), which is the standard in most states. Additionally, "Dealer Fees" or "Doc Fees" can range from $300 to $1,000. By including these in your calculation today, you avoid being surprised at the dealership.

A common dealer tactic is to focus solely on the Monthly Payment. They can lower your payment by extending your loan term to 84 or 96 months, but this often doubles the amount of interest you pay. Always check the "Total Interest" stat on our tool. If Option B has a lower payment but much higher interest, it may not be the best deal for your financial future.