Auto Loan Calculator

Use this calculator to help you determine your monthly auto loan payment or your auto purchase price. After you have entered your current information, use the graph options to see how different loan terms or downpayments can impact your monthly payment. You can also examine your complete amortization schedule by clicking on the "View Report" button.

Definitions

Monthly payment
Monthly payment for this loan.

Interest rate
Annual interest rate for this loan.

Term
Number of months for this loan.

Cash down
Total amount of cash used in this purchase.

Trade allowance
Total dollar amount given on your trade-in.

Amount owed on trade
Total loan balance still outstanding on the trade-in.

Taxable fees (optional)
Any additional fee that is subject to sales tax. This usually includes title transfer fees or any other fees that may be due at delivery and are taxable.

Non-taxable fees (optional)
Any additional fee that is not subject to sales tax. This usually includes document fees or any other fees that may be due at delivery and not taxable.

Sales tax rate
Sales tax percentage rate charge on this purchase.

Net trade-in
Net amount for trade in applied to your purchase.

Sales price
Total price for this auto purchase.

Sales tax
Total amount of sales tax on this purchase.

Loan amount
Total amount of your auto loan.

No sales tax deduction for trade-in
If you live in a state where your sales tax is calculated on your full purchase price check this box. If this box is unchecked sales tax is calculated on the purchase price less trade-in. Currently California, the District of Columbia, Hawaii, Maryland and Michigan allow no deductions for trade-ins when calculating sales tax. In addition, Alaska, Delaware, Montana, New Hampshire, and Oregon have no sales tax on autos.