Auto Loan Calculator
Use this calculator to help you determine your monthly auto loan payment or your auto purchase price. After you have entered your current information, use the graph options to see how different loan terms or down payments can impact your monthly payment. You can also examine your complete amortization schedule by clicking on the "View Report" button.
| Definitions |
| Monthly
payment |
Monthly
payment for this loan. |
| Interest rate |
Annual interest rate
for this loan. |
| Term |
Number of months for
this loan. |
| Cash down |
Total amount of cash
used in this purchase. |
| Trade allowance |
Total dollar amount
given on your trade-in. |
| Amount owed on trade |
Total loan balance
still outstanding on the trade-in. |
| Taxable fees (optional) |
Any additional fee that
is subject to sales tax. This usually includes title transfer fees or
any other fees that may be due at delivery and are taxable. |
| Non-taxable fees
(optional) |
Any additional fee that
is not subject to sales tax. This usually includes document fees or any
other fees that may be due at delivery and not taxable. |
| Sales tax rate |
Sales tax percentage
rate charge on this purchase. |
| Total
down |
Net amount available as
a down payment. This is your cash down, plus your trade-in, minus any
outstanding loan balance on your trade-in. |
| Net
trade in |
Net amount for trade in
applied to your purchase. |
| Qualifying
income |
Minimum monthly income
range required to qualify for this loan payment. |
| Sales
price |
Total price for this
car. |
| Sales
tax |
Total amount of sales
tax on this purchase. |
| Loan
amount |
Total amount of your
auto loan. |
| CA,
MI or VA |
If you live in
California, Michigan or Virginia your sales tax is calculated on your
full purchase price. All other states calculate their sales tax on the
purchase price less trade in. |
