$30,000 Car Loan Payment Calculator
The monthly payment on a $30,000 car loan at 6.15% APR, the average new-car rate for prime borrowers, is $582.08 over 60 months, with $4,925 in total interest. Stretch it to 72 months and the payment drops to $499.31, but interest rises to $5,951.
Your credit score and whether the car is new or used move the payment more than anything else. The same $30,000 financed for a used car at the prime average of 8.81% costs $619.99 a month over 60 months, and at the near-prime new-car average of 9.71% it is $633.14 (Experian, Q2 2026). Find your rate and term in the table below.
Calculator
$30,000 car loan at 6.15% APR, 60 months
$582.08/month
$4,925 total interest · $34,925 total repaid
- 72 months
- $499
- 48 months
- $707
- Used car (8.81%)
- $620
- Bank avg, 60-mo new
- 7.54%
$30,000 car loan monthly payment by rate and term
Fixed-rate monthly payment on the amount financed, rounded to the dollar. Add sales tax and fees to the amount if you are rolling them into the loan.
| APR | 36 mo | 48 mo | 60 mo | 72 mo | 84 mo |
|---|---|---|---|---|---|
| 3% | $872 | $664 | $539 | $456 | $396 |
| 4% | $886 | $677 | $552 | $469 | $410 |
| 5% | $899 | $691 | $566 | $483 | $424 |
| 6% | $913 | $705 | $580 | $497 | $438 |
| 7% | $926 | $718 | $594 | $511 | $453 |
| 8% | $940 | $732 | $608 | $526 | $468 |
| 9% | $954 | $747 | $623 | $541 | $483 |
| 10% | $968 | $761 | $637 | $556 | $498 |
| 12% | $996 | $790 | $667 | $587 | $530 |
| 14% | $1,025 | $820 | $698 | $618 | $562 |
| 16% | $1,055 | $850 | $730 | $651 | $596 |
| 18% | $1,085 | $881 | $762 | $684 | $631 |
| 20% | $1,115 | $913 | $795 | $719 | $666 |
| 22% | $1,146 | $945 | $829 | $754 | $703 |
$30,000 car loan payment by credit score (60 months)
Average APRs by credit tier, Q2 2026 (Experian, State of the Automotive Finance Market (VantageScore 4.0)). Your offer depends on your full credit profile, the lender, and the vehicle.
| Credit tier | New APR | New payment | Used APR | Used payment |
|---|---|---|---|---|
| Super prime (781–850) | 4.41% | $558 | 6.29% | $584 |
| Prime (661–780) | 6.15% | $582 | 8.81% | $620 |
| Near prime (601–660) | 9.71% | $633 | 13.93% | $697 |
| Subprime (501–600) | 13.52% | $691 | 19.10% | $780 |
| Deep subprime (300–500) | 16.11% | $731 | 21.62% | $822 |
Total interest on $30,000 at 6.15% by loan term
A longer term lowers the payment but costs more in total.
| Term | Monthly | Total interest | Total repaid |
|---|---|---|---|
| 36 months (3 yr) | $914.70 | $2,929 | $32,929 |
| 48 months (4 yr) | $706.62 | $3,918 | $33,918 |
| 60 months (5 yr) | $582.08 | $4,925 | $34,925 |
| 72 months (6 yr) | $499.31 | $5,951 | $35,951 |
| 84 months (7 yr) | $440.42 | $6,995 | $36,995 |
How $30,000 compares with a typical car loan
The average new-car loan was $43,610 and the average used-car loan $27,852 in Q2 2026 (Experian), so $30,000 is $13,610 below the typical new-car loan. Banks’ average rate on a 60-month new-car loan was 7.54% and on a 72-month loan 7.17% (Federal Reserve, Aug. 2026, released Oct. 7, 2026). Captive lenders like automakers’ finance arms often advertise lower promotional rates on new cars, sometimes in place of a cash rebate, so compare the rate deal against taking the rebate and financing elsewhere.
Before you sign: tax, fees, and loan length
The amount financed is usually more than the sticker price. Sales tax, title, registration, and dealer fees are often rolled into the loan, and in most states sales tax is charged on the price after any trade-in credit. Use the calculator below to add them. Longer terms make the payment look affordable but leave you owing more than the car is worth for longer, which matters if you need to sell or the car is totaled. If you can, keep the term to 60 months or less and put money down. See how much car you can afford, how much to put down, and how car loan interest works. If you buy a new, U.S.-assembled car for personal use, you may be able to deduct up to $10,000 of the interest a year through 2028, even if you don’t itemize: check the car loan interest deduction calculator.
Calculate your exact payment
Pre-filled with $30,000 financed at 6.15%. Add your price, down payment, trade-in, and sales tax to see the full payoff schedule.
Estimated monthly payment
$582.08
- Sales tax
- $0
- Amount financed
- $30,000
- Total interest paid
- $4,925
- Total of payments
- $34,925
Loan balance over time
Amortization schedule (yearly)
| Year | Principal paid | Interest paid | Remaining balance |
|---|---|---|---|
| 1 | $5,287 | $1,698 | $24,713 |
| 2 | $5,622 | $1,363 | $19,091 |
| 3 | $5,977 | $1,007 | $13,113 |
| 4 | $6,356 | $629 | $6,758 |
| 5 | $6,758 | $227 | $0 |
Payments on other car loan amounts
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Calculation Formulas
Sales tax is applied to the price after the trade-in credit (the rule in most states), then the down payment is subtracted. The result is the principal the loan is based on.
Example:
$32,000 car, $2,000 trade-in, 7% tax, $3,000 down → tax = 7% × $30,000 = $2,100 → financed = $30,000 + $2,100 − $3,000 = $29,100.
P is the amount financed, r is the monthly rate (APR ÷ 12), and n is the term in months. This yields the fixed monthly payment.
Every payment over the full term minus the amount financed is your lifetime interest cost.
Key Figures
| Figure | Value | Description |
|---|---|---|
| Common terms | 48 / 60 / 72 months | The most widely offered new-car loan lengths. |
| Trade-in tax credit | Most states | Sales tax charged on price minus trade-in; a few states tax the full price. |
Note: Results are estimates for planning purposes. Rates, fees, taxes, and insurance vary by lender and location — confirm exact figures with a licensed professional before making financial decisions.
Standards & Sources
Last verified: July 2026
- Truth in Lending Act (TILA) — APR disclosure
Requires lenders to disclose the Annual Percentage Rate, which includes certain finance charges — the number to use when comparing loan offers.
- State motor-vehicle sales tax rules
Whether a trade-in reduces taxable price varies by state. This calculator applies the common trade-in tax credit; confirm your state’s rule for an exact figure.
How to Use This Calculator
- Find your APR in the left column of the payment table: use the rate on your loan offer, or the credit-score table if you haven’t applied yet.
- Read across to your loan term to see the monthly payment.
- Check total interest by term to see what a lower payment costs over the life of the loan.
- Use the calculator to add sales tax, a down payment, or a trade-in and see the full payoff schedule.
Frequently Asked Questions
What is the monthly payment on a $30,000 car loan?
At 6.15% APR (the Q2 2026 prime average for new cars), a $30,000 car loan costs $706.62 a month over 48 months, $582.08 over 60 months, or $499.31 over 72 months. At 7% over 60 months it is $594.04.
What is the payment on a $30,000 car loan for 72 months?
$499.31 a month at 6.15% APR, with $5,951 of total interest. At 10% APR it would be $555.78 a month. A 72-month loan keeps the payment low, but you stay underwater (owing more than the car is worth) for longer.
How much interest will I pay on a $30,000 car loan?
At 6.15% APR, about $3,918 over 48 months, $4,925 over 60 months, or $6,995 over 84 months. A higher rate raises interest quickly: at 14% over 60 months it is $11,883.
How much income do I need for a $30,000 car loan?
The 20/4/10 guideline says total car costs, including insurance, fuel, and upkeep, should stay under 10% of gross income. The $582 payment alone (60 months, 6.15%) is 10% of a $69,849 annual income, so with other car costs you would want to earn more than that. Lenders mostly look at your debt-to-income ratio, often preferring it below about 36% to 43%.
What credit score do I need for a $30,000 car loan?
There is no single minimum, and lenders finance every credit tier, but the rate changes a lot. In Q2 2026, Experian found average new-car APRs of 4.41% for super prime borrowers (781+) versus 13.52% for subprime (501–600). On $30,000 over 60 months, that is $558 versus $691 a month.
Guides to go with this calculator
How Car Loan Interest Works & Why Longer Costs More
A lower monthly payment can hide a much bigger total cost. Here’s how car loan interest is set, why used-car rates run higher, and what a longer term really costs.
How Much Should You Put Down on a Car?
A down payment does three things at once: shrinks your payment, cuts your interest, and keeps you from owing more than the car is worth. Here’s how much to aim for.
No Tax on Car Loan Interest: Rules and Savings
Interest on a new car loan is deductible again — up to $10,000 a year through 2028. But the car has to be new and U.S.-assembled, and the income phase-out bites fast. Here’s what it’s really worth.
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