Credit Score Auto Loan Calculator

Slide Squares to Change Terms

Credit Score Calculator Directions:

Set your credit score
Move the time and money squares to find the maximum loan amount and term for your FICO score.

Incentivized Rates
Credit Score	Rate	Term	Payment
800	0%	3 Years	Calculate
740	2.9%	4 Years	Calculate
720	3.9%	5 Years	Calculate

What are incentivized car loan rates?

Promotional rates provided by automakers depending on credit score.

They are called incentivized because they are the best finance deals offered and are not based on retail market rates.

How does credit score affect my car loan?

Top credit scores qualify for incentivized rates on select vehicles.

Low scores create capped amounts and durations.

The APR, term, and loan amount may all change depending on credit score.

Find the best APR based on your FICO, then add tax and tags for your location, and research an amount financed based on salary.

Example:
A buyer with a 750 FICO score may qualify for $85000 at 96 months, but a 650 score may be maxed out at $35000 for 72 months.

Move the time and money squares full to the right to view your max payment in the credit score auto loan calculator.

How much does interest rate affect my monthly payment?

The influence on the payment depends on the amount borrowed.

1% on small loans has minimal effect, but on higher ones it's significant.

Example:
A 1% reduction in APR on a $9000 loan saves $4 in monthly payment and $250 in total finance charges over 5 years. On a $99000 loan 1% saves $45 in payment and $2750 in finance charges.

Adjust your FICO and loan term to view your estimated APR in the credit score auto loan calculator.

What is APR?

Annual Percentage Rate is exactly what it sounds like. It’s the percentage of interest paid each year over the term of the loan.

6% APR is not 6% of the loan amount.

It’s 6% yearly finance charges paid to the bank on a monthly basis for holding the car note.

Not all models qualify for low finance deals. Automakers often exclude top sellers from special APR offers.

FICO scores are listed for reference only. Exact qualifications, tiers, and final offers must be verified by model with the automaker.

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