Auto loan calculator
Calculate monthly auto loan payments, financing costs, interest and sales tax for new and used vehicles in the US.
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About this tool
Calculate your monthly auto loan payment for new and used vehicles in the US. Factor in vehicle purchase price, down payment, trade-in value, sales tax, loan term in months, and interest rate (APR).
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
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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