Car Loan Payoff Calculator

How It Works:

1. Enter the Loan Amount (e.g., $20,000)
2. Enter the Interest Rate (e.g., 5% per year)
3. Enter the Loan Term in months (e.g., 60 months for a 5-year loan)
4. (Optional) Add an Extra Monthly Payment to see how it affects your loan payoff time
5. Click “Calculate Payoff” to get results
6. Click “Reset” to clear all fields

Why Use This Calculator?

✔ Estimates Loan Payoff Time & Monthly Payments
✔ Helps Plan Early Payoff Strategy
✔ Perfect for Car Buyers & Loan Holders
✔ Simple & Intuitive Design