Truck payment calculator. From price to payment, or payment to price.
Enter a price, down payment, rate and term to see the monthly payment and total interest. Or start from a payment you can afford and work back to a price.
Same truck, different terms
A longer term lowers the monthly number and raises the total interest. Pick a row to use it.
| Term | Monthly paymentPrice you can shop | Total interest | Use this term |
|---|---|---|---|
| 36 months | $2,242.31 | $10,723.16 | |
| 48 months | $1,758.62 | $14,413.76 | |
| 60 months | $1,470.13 | $18,207.80 | |
| 72 months | $1,279.23 | $22,104.56 | |
| 84 months | $1,144.08 | $26,102.72 |
These results are estimates for planning. They are not a loan offer, a quote or financial advice. Your actual rate, payment and costs depend on your lender, your truck and how you run it.
How it’s worked out
Amount financed is the price less your down payment and trade-in.
r is the yearly interest rate divided by 12. n is the number of months.
Working back runs the same formula the other way, then adds your down payment and trade-in to reach a price.
| Truck price | $80,000 |
|---|---|
| Less down payment | −$10,000 |
| Amount financed | $70,000 |
| At 9.5% for 60 months, total interest | $18,207.80 |
| Monthly payment | $1,470.13 |
Truck payment questions
How is a truck payment calculated?
The calculator uses the standard formula for a loan with equal monthly payments. Each payment covers that month’s interest first and the rest goes to the balance.
Does this include sales tax, title or fees?
No. If you plan to roll them into the loan, add them to the truck price to see the effect on your payment.
What does working back to a price mean?
It starts with the payment you can live with and shows the most that payment can pay off at your rate and term. Your down payment and trade-in are then added to give a price to shop for.
Does a longer term save money?
It lowers the monthly payment and raises the total interest you pay. The table of terms on this page shows both side by side.
Is this a loan offer?
No. It is an estimate for planning. Your real rate and terms come from your lender. Tell John if financing is part of your plan.
Is the rate filled in a real market rate?
No. It is only an example so you can see how the calculator works. Replace it with the rate your lender gives you.
Found a payment that works? Talk to John.
Tell John your budget and what you need the truck to do. If financing is part of your plan, say so and he can talk it through with you.
(563) 529-1538John Mravinac, Davenport, Iowa
john@usedtruckdealer.com