An auto loan calculator is like a virtual helper that tells you how much you might need to pay each month if you want to borrow money to buy a car. It looks at three main things: how much money you want to borrow, how much interest the bank or lender will charge you, and how long you’ll take to pay back the money. By putting these numbers into the calculator, it figures out how much you’ll have to pay every month to pay off the loan, including both the money you borrowed and the extra cost from the interest. This helps you understand how different loan amounts, interest rates, and payment durations can affect your monthly budget when buying a car.