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Finance Calculators

Auto Loan Calculator

Calculate your monthly auto loan payment, factoring in sales tax, trade-in value and down payment.

%
months
%
Amount financed
Monthly payment
Total cash paid
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About the Auto Loan Calculator

An auto loan payment depends on the amount financed (vehicle price plus sales tax, minus down payment and trade-in value), the interest rate and the loan term.

Formula: Amount Financed = Price + Sales Tax − Down Payment − Trade-in · M = P × [r(1+r)n] ÷ [(1+r)n − 1]

Sales tax rules on trade-ins vary by state — some states tax only the difference between the vehicle price and trade-in value, which this calculator assumes.

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