Biweekly Payments for an Auto Loan Calculator
This calculator shows you possible savings by using an accelerated biweekly payment on your auto loan. This simple technique can shave time off your auto loan and could save you hundreds or even thousands of dollars in interest.
How the biweekly payments for an auto loan calculator works
It splits your monthly car payment in half and applies it every two weeks. With 26 fortnights a year you make the equivalent of 13 monthly payments instead of 12, so the extra goes to principal and the loan clears sooner with less interest.
Worked example: with auto loan amount of $28,000, interest rate (apr) of 7.00% and loan term (years) of 5, the biweekly payments for an auto loan calculator shows interest saved with biweekly of $544.
- Biweekly payment
- $277.22
- Interest saved
- $544
- Biweekly payoff
- 4.6 yrs
The formula
Biweekly payment = monthly payment ÷ 2 at the rate ÷ 26; the balance is stepped down until it reaches zero, versus the standard monthly schedule.
Results are estimates for educational purposes and are not financial advice. Confirm exact figures with your lender, plan administrator or advisor.
Questions about the biweekly payments for an auto loan calculator
How do biweekly auto payments save money?
Twenty-six half-payments equal thirteen monthly payments a year — one extra — which goes straight to principal, shortening the loan and cutting interest.
Is the saving large on a car loan?
Smaller than on a mortgage because the balance and term are shorter, but still real — and it builds equity faster, which matters as cars depreciate.
Can I do this without a special plan?
Yes — just add one-twelfth of your payment to each monthly bill, or make a 13th payment each year. That captures the benefit at no cost.
Is the Biweekly Payments for an Auto Loan Calculator free to use?
Yes. Every calculator on FinCalculators is completely free, with no sign-up, login or paywall. You can run as many scenarios as you like.