Auto Loan Calculator
Estimate monthly car payments and total loan cost.
Auto Loan Calculator
Enter your values and calculate
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How This Calculator Works
The auto loan calculator adds sales tax to the vehicle price, subtracts your down payment and trade-in value to get the financed amount, then applies the standard amortization formula.
Formula
Loan = (Price × (1+tax)) − Down − Trade-in; M = P × [r(1+r)^n] / [(1+r)^n − 1]
Example
A $35,000 car with 7% tax, $5,000 down, at 7.2% for 60 months finances about $32,450 and costs roughly $645/mo.
Practical Use Cases
- New or used car financing
- Comparing loan terms
- Negotiating at the dealership