Services

PriceProtect™

Compare Car Insurance

Refinance Car Loan

DriveShield™

Drive Well, Earn Perks

GarageGuard™

Get Service Reminders

Insurance

Car Insurance

Compare Car Insurance with Jerry

2024 Car insurance quotes

Cheap car insurance

Best car insurance companies

Shopping for car insurance

Is Jerry a legitimate insurance broker?

Jerry’s Expert Advice

What factors affect car insurance rates?

How does car insurance work?

Types of car insurance

Full coverage car insurance

Car Insurance Estimates

Car insurance by car

Car insurance by location

Home & Renters Insurance

Home Insurance

Compare home insurance quotes

Home & auto insurance quotes

Renters Insurance

Compare renters insurance quotes

Repairs

Car Repair Estimates

Repair Estimates for Popular Services

Oil change cost estimate

Brake pad replacement cost estimate

Battery replacement cost estimate

Timing belt replacement cost estimate

Wheel bearing replacement cost estimate

Spark plugs replacement cost estimate

Rotate tires cost estimate

Transmission fluid service cost estimate

See all 300+ service estimates

Advice

Read Car Content

Browse Jerry Car Advice

How do I know if a mechanic is taking too long?

How to put antifreeze in your car?

What do you do if your car makes a noise?

Read 5,000+ more car advice articles

Check Out Expert Car QnA

Why does my car squeal when I drive?

Do driving warnings go on your record?

How long can you go past your oil change?

How much below MSRP is a good deal?

Learn from 30,000+ more questions

Learn About How We Create Content

Our Editorial Standards

Our Editorial Review Board

Jerry Data & Research

Recent Studies

State of the American Driver (2023)

Memorial Day (2023)

Android vs Iphone (2023)

Auto repairs (2023)

Auto loans study (2023)

Read all recent studies

Comprehensive Data Reports

Jerry Annual Data Report (2023)

Read all data reports

About

MenuIcon

How can I figure out the APR on my car loan?

I just took out a car loan a few days ago. I know what my interest rate is, but how do you figure out a car loan’s APR?

Jack Walsh · Updated on Dec 10, 2021

Reviewed by Shannon Martin, Licensed Insurance Agent.

To figure out the

on a

, try one of the following:

Ask your lender

Check your loan agreement

Use an online calculator

Multiply your interest rate by 12 months to get a rough estimate

For example, if your interest rate is 6%, you would:

Convert 6% to a decimal, which is .06

Multiply .06 by 12

Convert the value back into a percentage, which equals an APR of roughly 7.2%

If you want to save some money to make repayment more manageable, take a minute to ensure you aren’t overpaying for your

.

makes it easy. Jerry is an insurance comparison app that shops for low prices with over 50 different insurance companies for free.

After providing you with a comprehensive analysis of the best policies across providers, Jerry will handle the phone calls, paperwork, and renewals for your top pick so that you don’t have to. They even help cancel your old policy! So why do all that extra work when Jerry can do it better?

MORE:

What to do after buying a new car

View full answer

WHY YOU CAN TRUST JERRY

Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

Join 4M+ members in lowering their car insurance

Find insurance savings

You Might Also Be Interested

What Does APR Mean on a Car Loan?

APR, or annual percentage rate, is the cost you pay to take out a loan. Learn how APR affects car loans and why it’s important.

What Is a Good APR for a Car Loan?

A good APR is usually around 2%. How much you’ll save depends on your credit, type of car, and loan term. Read here to learn what a good APR for your car loan looks like.

How to Calculate Car Loan Payments

Whether you calculate your car payments online or by hand, you’ll need to gather some basic car information, insurance costs, and your loan term. Read this guide on car payments to learn how.

Read Advice From Car Experts At Jerry

Everything You Need to Know About Section 8 Housing in Wyoming

To be eligible for Section 8 housing in Wyoming, Michigan, you cannot make more than 50% of the average median income in the area.

The Basics of Delaware Abandoned Property Law

Need to know what to do about abandoned homes, cars, or other personal property in Delaware? Jerry has you covered!

How Many Dogs Can You Have in Colorado?

Each county and city in Colorado has dog ownership laws to follow, including how many dogs you can own, restricted breeds, and leash laws.

Katherine Duffy

What Others Are Asking

How long does reckless driving stay on a record in Illinois?

I was pulled over and charged with reckless driving for running a red light at a high rate of speed. I’m thinking about fighting the charge, but I want to make sure it’s worth my time. How long will a reckless driving charge stay on your record in Illinois?

What is the warranty on the Nissan Leaf battery?

How long is the warranty on a Nissan Leaf battery? I want to get an electric car but I’m worried about the battery dying because I know they’re expensive to replace.

How much is driving school in Baltimore, MD?

I live in Baltimore and I’m interested in getting my driver’s license. My parents said I need to pay for school, so I’m just trying to figure out how much it costs. How much should I expect to pay for driving school in Baltimore, MD?

Browse All Questions

Browse More Content

Car Repair Resources

Insurance for Your Car

Insurance in Your State

Insurance In Your City

Easiest way to compare and buy car insurance

No long forms

No spam or unwanted phone calls

Quotes from top insurance companies

Find insurance savings

Car Insurance by Make

Car Insurance by State

Car Repair by Service

AC Compressor Replacement Cost

Battery Replacement Cost

Fuel Injector Replacement Cost

Fuel Pump Replacement Cost

Ignition Coil Replacement Cost

Oil Change Cost

Oil Pan Replacement Cost

Car Insurance by Company

Aspire Advantage

Assurance America

National General