CALCULATOR · FREE免费 · Free
Auto Loan Payment Calculator
The monthly payment depends on the loan amount, rate and term; the loan amount depends on the down payment, trade-in, sales tax and fees. Enter them to see the real payment, total interest and total cost.
--Sales tax · $
--Loan amount · $
--Monthly payment · $
--Total interest · $
--Total cost · $
Estimates only; verify on site before ordering or building.
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Example
| Item | Value | Unit |
|---|---|---|
| Vehicle price | 35000 | $ |
| Down payment | 5000 | $ |
| Trade-in | 0 | $ |
| Sales tax | 6.5 | % |
| Fees | 500 | $ |
| Rate | 7 | % |
| Months | 60 | months |
| Sales tax | 2275 | $ |
| Loan amount | 32775 | $ |
| Monthly payment | 648.98 | $ |
| Total interest | 6164.06 | $ |
| Total cost | 43939.06 | $ |
Where people go wrong
- Taxing the full price and ignoring the trade-in credit.
- Subtracting both the down payment and trade-in twice.
- Comparing payments without total interest and term.
FAQ
60 or 72 months?
Longer terms lower the payment but raise interest and negative equity; compare total cost.
Is the trade-in taxed?
Most states tax price minus trade-in; a few differ, so check your DMV.
What about 0 percent?
Payment = loan divided by months, with zero interest; you may give up a rebate.