Advertiser disclosure

Auto Loan Calculator

Use our auto loan calculator to determine your monthly payment and the total cost of financing a car purchase (including the total interest paid).

Does financing a car build credit?

Financing a car doesn’t automatically increase your credit score. However, it does diversify your credit mix and give you the opportunity to build up your credit history — two factors that can definitely increase your score.

Why you should (almost) never lease a car

A car lease gives you a brand new car for a low monthly payment; what’s not to like? For most people, the only benefit of leasing is driving a bright and shiny new car. With a lease, you’ll never be able to truly own your car, so your payments may not ever pay off. Here are more of the advantages of buying over leasing.