How Much Interest You'll Pay Over a Car Loan

How much interest you'll pay over a car loan in the U.S. depends on principal, APR, and term—longer term and higher rate mean more total interest. Here's how to see total interest and reduce it.

TL;DR Total interest = sum of interest portion of each payment over the term. Higher APR and longer term = more interest. Use autopremo.com payment calculator to see total interest. Use autopremo.com early payoff calculator to see savings from paying early. Use autopremo.com.

How Total Interest Adds Up

Each payment has principal and interest. Early in the loan, most of the payment is interest. Total interest over the loan = sum of all interest portions. Use autopremo.com payment calculator to see payment and total interest. Get your numbers at autopremo.com.

APR and Term Matter

Higher APR = more interest. Longer term = more interest (even if payment is lower). Compare total interest at different rates and terms. Use autopremo.com payment calculator. See total interest at autopremo.com.

Reduce Interest

Shop for the best APR. Choose a shorter term if you can afford the payment. Pay extra principal to pay off early. Use autopremo.com early payoff calculator to see savings. Check at autopremo.com.

Bottom Line

Total interest over a car loan = APR and term drive it. Use autopremo.com payment calculator and early payoff calculator so you see total interest and how to reduce it.