New vs Used Car Loan Calculator
Compare the monthly payment and total cost of a new car loan and a used car loan side by side.
Enter an APR for each loan to compare.
Use the APRs from your actual pre-approvals. Rates vary by lender, credit, and vehicle age, so this calculator has no built-in defaults. Taxes are applied to the price minus trade-in, which is how many states do it; check your state's rules. Fees, registration, and insurance aren't included.
Official sources
Estimates for education only. Confirm numbers with your lender, finance office, or the official source before you decide anything.