Know your payment before you visit.
Run the numbers on a loan or a lease, see what your budget really buys, or get pre-qualified in minutes — no Social Security number, no credit pull.
Loan calculator
Set the price, down payment, trade-in and term. Pick a credit tier to see the rate it earns, then follow the amortisation month by month.
Estimated monthly payment
$644/mo
6.9% APR · 72 months
- Vehicle price76%$38,000
- Tax & fees7%$3,695
- Interest17%$8,491
- Amount financed
- $37,895
- Total of payments
- $46,386
- Total cost incl. interest
- $50,186
- Cash due at signing
- $3,800
Amortization scheduleSee where every payment goes
| Year | Payments | Principal | Interest | Balance |
|---|---|---|---|---|
| Year 1 | $7,731 | $5,281 | $2,450 | $32,614 |
| Year 2 | $7,731 | $5,657 | $2,074 | $26,956 |
| Year 3 | $7,731 | $6,060 | $1,671 | $20,896 |
| Year 4 | $7,731 | $6,492 | $1,239 | $14,404 |
| Year 5 | $7,731 | $6,954 | $777 | $7,450 |
| Year 6 | $7,731 | $7,450 | $281 | $0 |
Estimate only — not a loan offer or a commitment to lend. Sales tax is applied to the vehicle price; your rate, taxes and fees depend on your credit, your state and the lender, who will confirm the final figures.
Lease calculator
Lower payments on a new car, within a mileage allowance. Adjust the residual value, money factor, term and miles per year.
Estimated monthly payment
$590/mo
36 months · 10,000 mi/yr · $3,175 due at signing
- Depreciation67%$393
- Finance charge25%$146
- Sales tax9%$51
- Due at signing
- $3,175
- Capitalized cost
- $36,195
- Residual value
- $22,040
- Total of payments
- $21,239
- Total lease cost
- $23,824
- Effective cost per month
- $662
Estimate only — not a lease offer. Monthly payment = (cap cost − residual) ÷ term + (cap cost + residual) × money factor, plus sales tax on the payment. Residual value adjusts for term and mileage; excess-mileage, disposition and registration fees are not included. Availability and final terms depend on the lessor.
What can I afford?
Start from the monthly payment you are comfortable with and see the price it supports — then jump straight to the cars in range.
You can afford a car up to
$38,400
6.9% APR · 72 months
- Monthly payment
- $650/mo
- Amount financed
- $38,233
- Total interest
- $8,567
- Suggested gross income
- $4,333/mo
Includes sales tax and dealer fees. A common rule of thumb keeps the payment under about 15% of your gross monthly income.
Estimate only — not a loan offer. The maximum price assumes your tax and fees are financed. The inventory link filters by this price; rates and approval depend on your credit and the lender.
Finance with confidence
Get pre-qualified in minutes
Tell us a little about your situation and a finance specialist will come back with options and estimated payments — no credit check, no obligation.
- No impact on your credit scoreThis is a pre-qualification request, not a credit application. We never run a hard check from this form.
- A real reply within one business dayA finance specialist reviews your request and contacts you — no auto-dialers.
- Every credit story is welcomeFrom excellent credit to rebuilding, we look for the lender that fits.
Request received
Thanks — your pre-qualification request is in. A finance specialist will contact you within one business day. This is not a credit application and it does not affect your credit score.
Send another requestFinancing, answered
Does getting pre-qualified affect my credit score?
Pre-qualification on Driveway never asks for your Social Security number, date of birth or card details, and it does not touch your credit file. A dealer or lender runs a credit check — with your written consent — only if you decide to apply.
How is my estimated monthly payment calculated?
The price plus sales tax and dealer fees, minus your down payment and trade-in, is spread over the term at the rate for your credit tier. Taxes, title and registration vary by city, so treat the figure as a close estimate rather than a quote.
What credit score do I need?
There is no minimum on Driveway. The calculator shows typical rates for excellent, good, fair and poor credit so you can see the difference a tier makes; your real rate depends on the lender and your application.
Should I lease or buy?
A lease usually has the lower monthly payment and a new car every few years, within a mileage allowance. Buying costs more each month but builds equity and has no mileage limit. Run both calculators with the same car and compare the totals.
Can my trade-in be my down payment?
Yes. Get an instant estimate on the Trade-in page, then enter it in the loan calculator: the value reduces the amount you finance. A dealer confirms the final figure after seeing the car.
What is your car worth? Know in 60 seconds.
Get an instant, data-backed trade-in range for your car — no obligation, no haggling — and use it as your down payment on the next one.