Auto Loan Calculator Pay Off Early

Loan Amount ($)

Interest Rate (%)

Loan Term (years)

Choose one or more strategies to accelerate your loan payoff:

Add an extra amount to your regular monthly payment

Make an extra payment once a year (e.g., from tax refund or bonus)

Make a single lump-sum payment toward the principal

Payment Amount

In Month #

This calculator will help you develop strategies to pay off your auto loan early, saving you interest and reducing your loan term.

Fill out the loan details and payment strategies on the left to get started.

Add a consistent amount to your regular monthly payment to pay down principal faster.

Use tax refunds, bonuses, or other annual windfalls to make an extra payment each year.

Apply a single lump-sum payment to reduce your principal balance all at once.

Save Money: Reduce the total interest paid over the life of the loan
Improve Cash Flow: Free up monthly income sooner by eliminating your car payment
Reduce Financial Stress: Decrease your overall debt burden and improve financial security
Increase Flexibility: Gain more financial options without the ongoing obligation