Car Payment Calculator: How to Calculate Monthly Auto Loan Payments
Car Payment Calculator: How to Calculate Monthly Auto Loan Payments Your monthly car payment depends on the loan amount, interest rate, and term length. A $30,000 car with $5,000 down, 6% APR, and a 60-month term has a payment of about $483/month. Changing any variable significantly affects your payment. Financing a $28,500 Mazda CX-5 with $6,000 down shows how much rate shopping matters: accepting the dealer's 7.2% APR offer puts the payment at $446/month, while getting pre-approved at a credit union for 5.4% and renegotiating drops it to $428/month, saving $1,080 over the 60-month term. A few hours of rate shopping can be some of the easiest money a buyer ever saves. Use our Car Payment Calculator(/auto/auto-loan-calculator) to see exactly what you'll pay for any vehicle. !Car payment formula breakdown showing $30K loan at 6.5% APR for 60 months with principal vs interest split over 5 years(/images/blog/car-payment-breakdown.svg) How to Calculate...
Gas Mileage Calculator: How to Calculate MPG and Fuel Economy
Gas Mileage Calculator: How to Calculate MPG and Fuel Economy To calculate MPG (miles per gallon), divide the miles driven by the gallons of gas used. If you drove 300 miles and used 10 gallons, your car gets 30 MPG. Track this over multiple fill-ups for an accurate picture of your true fuel economy. Tracking MPG on a 2020 Accord over 18 months and 22,000 miles shows how EPA ratings hold up against real-world driving: an EPA-rated 33 MPG combined actually averaged 29.4 MPG in real-world driving — 11% below the sticker. Checking tire pressure weekly and easing off the gas pedal brought it up to 31.2 MPG, saving roughly $180 a year at current gas prices. Use our Gas Mileage Calculator(/auto/fuel-cost-calculator) to instantly calculate your MPG and compare it to EPA estimates. !Gas mileage MPG impact factors chart showing speed, tire pressure, AC, weight, idling, and aggressive driving effects(/images/blog/gas-mileage-factors.svg)...