Auto Loan Calculator
Calculate your car loan payment from the vehicle price, down payment, trade-in, and sales tax. See the monthly payment, total interest, and amount financed.
- Monthly payment
- 523.92
- Total interest
- 4335.14
- Loan amount
- 27100
How to use
- Enter the vehicle price, your down payment, and any trade-in value.
- Enter the sales tax rate, annual interest rate, and term in months.
- Read the monthly payment, total interest, and amount financed.
Examples
- $30k, $3k down, $2k trade-in, 7% tax, 6% / 60 mo:
payment $523.92 - Amount financed:
$30,000 + tax − down − trade-in → $27,100
FAQ
- How is the amount financed calculated?
- Amount financed = vehicle price + sales tax − down payment − trade-in value. Sales tax is applied to the vehicle price.
- Does a trade-in reduce my loan?
- Yes. The trade-in value is subtracted from the price (along with your down payment) before the loan is calculated, lowering the amount you finance.
- How is sales tax handled?
- Sales tax is computed as price × tax rate and added to the amount financed, so you pay interest on the tax unless you cover it up front.