Auto Loan Calculator
Estimate a monthly car payment from vehicle price, down payment, trade-in credit, sales tax, fees, APR and loan term. The calculator separates amount financed from total interest so you can compare financing choices.
Sales-tax treatment of trade-ins and fees varies by state and transaction. Confirm the taxable amount and final lender terms for your purchase.
How this tool works
Amount financed is the estimated purchase total minus down payment and trade credit. Monthly payment uses the standard fixed-rate amortization formula.
Example
A $40,000 vehicle with $5,000 down at 6.5% APR for 60 months produces a payment based on the remaining financed balance plus estimated tax and fees.
Common questions
Does trade-in reduce sales tax?
That depends on the jurisdiction. This calculator uses a simplified tax estimate, so enter values that reflect the tax treatment of your transaction.
Does this include dealer add-ons?
Only if you include them in vehicle price or fees.