Run your numbers
An estimate, not a quote or an offer. The default APR is a national average for 60-month new-car loans, not a rate anyone will give you; replace it with your own quote. Nothing you enter leaves your device.
The 36% line
The Military Lending Act caps the Military Annual Percentage Rate on most new consumer credit to active-duty members, Guard and Reserve on active orders of 30 days or more, and their dependents at 36%, and the MAPR counts finance charges, credit insurance, and add-on products, not only the interest rate. Most auto loans for the vehicle itself are outside the MLA, but the cap still applies to many add-on financing products sold alongside a car loan, and it is a line worth knowing wherever you sign. The card above shows your APR against that line as a fact; it does not say whether a loan is a good idea.
Source: CFPB, What is covered under the Military Lending Act. Checked at the source: October 25, 2026.
Where the default rate comes from
The APR box opens at the latest weekly national average for 60-month new-car loans (Bankrate Monitor, via FRED), the same benchmark Auto Watch tracks and alerts on, with its as-of date shown beside the box. The Federal Reserve's quarterly 48, 60, and 72-month averages appear below as a term comparison only.
Sources: FRED, Bankrate 60-month new-car average; Federal Reserve G.19 term averages via FRED.
What the price tag leaves out
Sales tax is charged on the price in most states and is usually rolled into the loan. Doc, title, and registration fees get added too. If you owe more on your trade-in than it is worth, the difference is added to the new loan, which is how a 60-month loan on a $32,000 car ends up financing $36,000. Put those numbers in and the card shows the amount actually financed.
Keep going
The payment is one line of the deal. These free StandWatch pages cover the rest:
