Auto Loan & Refinance Calculator
The vehicle is the collateral, so the loan-to-value ratio decides the price as much as the credit tier does.
Vehicle loan or refinance
A ratio above 100% is negative equity.
The formula
LTV = balance ÷ vehicle value. Payment uses the same amortisation formula as the personal-loan calculator. Repossession does not extinguish a deficiency balance.
How to read the output
Two readings matter. The loan-to-value ratio says how much of the vehicle a lender could recover on a sale; above 100% the balance exceeds the collateral, which most refinance programmes decline without cash. The payment and total interest say what the loan costs — and stretching the term to lower the payment raises the second figure.
Every calculator runs in this page. Nothing you type is transmitted or stored.
What a calculator cannot tell you
A calculator cannot tell you what a lender will offer. It tells you what a given rate, term and amount cost. The rate you are actually offered is set by the lender against your file.
Sources
- Federal Reserve Board — Consumer Credit (G.19), current release — Commercial-bank interest rates: 24-month personal, credit card, 48/60/72-month new car.
- OCC — Consumer Protection — Federal bank regulator consumer-protection guidance.
Figures marked VERIFIED were read from these sources at build time; figures marked CALCULATED come from the arithmetic shown; VARIABLE means the number differs by lender, state or credit tier and is not quoted as a single value.