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Auto Loan Calculator

Use the United Community Bank auto loan calculator to compare loan amounts, monthly payments, and interest rates.

Frequently Asked Questions

Auto loan interest rates are the Annual Percentage Rate (APR) you’ll pay on what you withdraw from a HELOC, spread out over monthly payments. These rates vary by state and lender. Talk with your local United Community Bank lending specialist to get current rates.
Yes. You can refinance an auto loan. Reasons people refinance include:
  • Taking advantage of lower interest rates
  • Extending the loan term to lower monthly payments
  • Switching from an adjustable-rate auto loan to a fixed-rate loan for steady monthly payments
Yes. Auto loans are available for used cars and older vehicles, but they may be more challenging to get if the vehicle is 10 years old or older. Compared to auto loans for new vehicles, used-vehicle loans may have:
  • Higher interest rates
  • Shorter terms
  • Higher monthly payments
Yes, there are closing costs on an auto loan. They cover origination, title and registration fees and dealer fees. Sometimes, auto sellers offer to cover the closing costs. Consider asking as part of your negotiation.
It’s possible to get an auto loan with bad credit but you may qualify for a lower loan amount and pay a higher interest rate. Talk with your United Community Bank lending specialist to explore your auto loan options.
Like having bad credit, having no credit makes it more challenging (but not impossible) to get an auto loan. Talk with your United Community Bank lending specialist

Check out this article for more tips: Give Your Credit Score a Boost
If you have bad credit or no credit, a cosigner could help you qualify for an auto loan amount and interest rate that you wouldn’t have otherwise.
Yes. United Community Bank offers extensive auto loan options with competitive rates. Find your nearest branch or talk with your local United Community Bank lending specialist.
When you borrow money to buy a car, you’ll pay it back monthly plus interest and fees. The lender will own the title until the loan is paid off. They can also repossess the car if auto loan payments aren’t made.

Check out this article to learn more: What to Know About Auto Loans.
The amount you’ll pay each month depends on:
  • The total amount of your auto loan
  • How long the loan is (number of years, or term)
  • Annual percentage rate (APR), which includes interest and fees
Your APR will be based on:
  • Your credit score
  • Whether you’re buying a new or used car
  • The length of your loan
You can reduce the amount you’ll owe by:
  • Increasing your down payment
  • Trading in an old car, with its value going toward your down payment
  • Improving your credit score to lower your APR
Use our auto loan calculator to see what your monthly payments might look like.
You’ll need to have these items on hand: 
  • Driver’s license information
  • Pay stubs
  • Social Security Number
The auto loan process is typically quick and straightforward. Your lender will check your credit history and review your income and expenses.
  1. The information presented in these calculators is for general and educational purposes only, and is not intended to provide legal, tax, lending or investment advice. Loan scenarios are not an application and not a commitment to lend. This information is meant to serve as estimates and may vary depending on certain conditions and restrictions. Annual Percentage Rates used within this tool are strictly informational and may not be the current advertised rates. Rates provided may be higher or lower and are in no way a binding agreement with United Community Bank.

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