Car Loan Payment Calculator

* These calculations are for reference purposes only. All figures are estimates only and are not guaranteed as accurate. Always consult a professional financial advisor.

Can you really afford that new car?

Understanding your budget is the first step toward being a responsible car owner. Just because you can get an auto loan for that brand-new, top-of-the-line sports car doesn't mean you should. With our free car loan calculator, you'll be able to estimate your monthly auto finance payments before even taking a test drive!

It's incredibly easy to use, too. Just enter your max price point-browse our inventory of used cars and new cars for sale in Kansas City to get an idea of what that may be-preferred down payment amount, estimated APR, and term length. Voila! Your car loan payment estimation is ready to be analyzed with a fine-toothed comb. If you need help applying for a car loan or getting a good auto financing rate, just contact a specialist at your nearest McCarthy car dealership near Kansas City!

Common Car Financing Terms to Know

  • Bad Credit Loan - Auto loans that are granted to buyers with "bad" or "poor" credit (usually FICO scores below 600).
  • Debt-to-Income Radio - Percentage of borrower debt compared to their annual income.
  • Depreciation - Decline of a vehicle's resale value due to age, wear, and projected used car values.
  • Down Payment - Money paid by borrower at the beginning of the contract to lower the overall finance amount on the vehicle.
  • Equity - Value of the vehicle compared to the money you put into the loan. Positive equity refers to a vehicle resale value that is higher than the loan balance. Negative equity refers to a loan balance that is higher than the value of the vehicle.
  • Interest Rate - Annual rate of interest or finance charges on a car loan.
  • MSRP - Manufacturer's Suggest Retail Price.
  • Principal - Total amount owed on an auto loan, less interest.
  • Term - Time, usually in months, in which a borrower must make car finance payments.
  • Trade-in Value - Estimated value of your vehicle when trading it in for a new or used car at the dealership. Use our Kansas City trade-in value tool to see how much you can get for your vehicle.
McCarthy Chevrolet
675 North Rawhide Drive Olathe, Kansas 66061
Phone: (877) 460-5408 URL of Map
McCarthy / Morse Chevrolet
9201 Metcalf Avenue Overland Park, Kansas 66212
Phone: (877) 461-6593 URL of Map
McCarthy Chevrolet Lee's Summit
945 SE Oldham Parkway Lee's Summit, Missouri 64081
Phone: (888) 769-1821 URL of Map
McCarthy Olathe Hyundai
681 N. Rawhide Olathe, Kansas 66061
Phone: (877) 465-0829 URL of Map
McCarthy Blue Springs Hyundai
3000 NW South Outer Road Blue Springs, Missouri 64015
Phone: (877) 584-1401 URL of Map
McCarthy Nissan
683 N Rawhide Road Olathe, Kansas 66061
Phone: (877) 517-7514 URL of Map
McCarthy Toyota of Sedalia
3110 West Broadway Boulevard Sedalia, Missouri 65301
Phone: (888) 693-4664 URL of Map
McCarthy Pre-Owned Supercenter
3030 NW South Outer Road Blue Springs, MO 64015
Phone: (816) 256-2362 URL of Map
McCarthy Chevrolet Buick GMC
1550 W Arrow St Marshall, MO 65340
Phone: (660) 530-4625 URL of Map