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Auto Loan Calculator
Plan your car purchase with accurate monthly payments, total cost, and a full amortization breakdown across the loan term.
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How car loan amortization works
Each monthly payment covers both interest (calculated on the remaining balance) and principal (paying down the loan). Early payments are mostly interest; later payments are mostly principal. Our formula uses the standard amortization equation: M = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1)
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