Auto loan payment calculator
Calculate monthly auto loan payments, financing charges and sales tax for new or used cars. Free car loan calculator with trade-in.
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About this tool
Calculate monthly car loan payments with trade-in allowance, cash down payment, and state sales tax. View total interest and overall financing costs.
How to use it
- 1 Enter the vehicle price, cash down payment, and vehicle trade-in allowance.
- 2 Select your loan duration (36, 48, 60, or 72 months) and loan APR %.
- 3 Inspect your monthly car payment, total financing charges, and overall vehicle purchase cost.
Questions
How is a monthly car payment calculated?
Monthly payments are calculated based on the net loan amount (vehicle price + sales tax - down payment - trade-in), loan term, and annual percentage rate (APR).
What is the ideal auto loan term?
Financial experts typically recommend financing for no more than 48 to 60 months to avoid being upside-down (owing more than the car is worth).
Does trade-in value reduce sales tax on a car?
In most US states, trade-in value reduces the taxable price of the new vehicle, lowering the sales tax you owe.
Is my data uploaded?
No. This tool runs in your browser, so your text and files never reach our server.
Is this tool free?
Yes. It’s free to use with no sign-up and no limits for normal use.
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