Auto Loan Calculator
Calculate your vehicle financing with state sales tax, trade-in value, and fees
Vehicle Price
MSRP or negotiated price
Down Payment
Cash paid upfront
State
Tax on full price (no trade-in credit)
Trade-in Value
Dealer offer for your current vehicle
Trade-in Payoff
Remaining balance on current vehicle
Sales Tax Rate
State rate auto-filled; adjust for local taxes
Fees
Title, registration, doc fees, etc.
Interest Rate (APR)
Annual percentage rate from lender
Loan Term
Finance Taxes & Fees
Sales tax and fees included in loan amount
Estimated Monthly Payment
$646
for 60 months
Loan Amortization Schedule
This chart shows how your auto loan balance decreases over time and how much interest you pay.
Loan Summary
Monthly Payment
$646
Amount Financed
$33,038
Total Interest
$5,747
Total Cost
$46,822
Sales Tax
$2,538
Purchase Breakdown
Loan Details
Sales Tax & Fees
Most states charge sales tax on vehicle purchases. Some states give a tax credit for trade-ins, meaning you only pay tax on the price difference. Rolling taxes and fees into your loan increases your monthly payment and total interest paid.
Down Payment Benefits
A larger down payment reduces your loan amount, monthly payment, and total interest. Aim for at least 20% down to avoid being "upside down" on your loan, where you owe more than the vehicle is worth.
Loan Term Trade-offs
Shorter loan terms (36-48 months) have higher monthly payments but save significantly on interest. Longer terms (72-84 months) lower your payment but cost more overall and increase the risk of negative equity.
This calculator provides estimates for educational purposes only. Sales tax rates shown are state-level only and do not include local or county taxes, which may apply. Actual costs may vary. This is not financial advice. Please consult with a financial advisor for personalized guidance.