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Used Car Loan Calculator

Estimate payments for used cars. Defaults to higher interest rates typical for pre-owned vehicles.

Vehicle Details

$
%
$

Est. $300-$600

$

Trade-In (Optional)

$
$

Enter 0 if paid off

Most states allow this. Uncheck if your state doesn't.

Financing

%

Estimated Monthly Payment

$370

for 60 months

Vehicle Price$18,000
Sales Tax$1,170
Title & Fees$450
Total Financed$17,620
Total Interest$4,583
Total Cost$24,203

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Analysis: Buying a $18,000 Car

Used car rates are typically 2-3% higher than new car rates. We've adjusted the default APR to 9.5% to give you a realistic estimate.

Frequently Asked Questions

What is the monthly payment for a $18,000 car loan?

At a 9.5% interest rate over 60 months, the payment is approximately $378. This includes interest but excludes insurance and maintenance.

How much interest will I pay on a $18,000 loan?

Over 60 months at 9.5%, you will pay roughly $2700 in total interest. Shortening the term to 48 months could save you significantly.

Does this include sales tax?

Yes, our calculator includes an estimated Sales Tax field (default 6.5%) and Title Fees to give you a realistic 'Out the Door' payment.