Auto Loan Calculator
Calculate monthly car payment with trade-in and tax.
About this tool
Calculate your estimated monthly car payment, factoring in the vehicle price, down payment, trade-in value and sales tax \u2014 not just a simple loan amount.
Key Features
- Accounts for down payment and trade-in
- Applies sales tax to the price minus trade-in (common in many US states)
- Standard amortized loan payment formula
How to Use
- Enter the vehicle price, down payment and trade-in value.
- Enter your local sales tax rate, loan term and APR.
- Click Calculate Payment.
Benefits
- Budget for a realistic monthly payment before visiting a dealership
- See how a larger down payment or trade-in reduces your payment
- Compare loan terms and rates
Frequently Asked Questions
Many US states only tax the difference between the vehicle price and your trade-in value (called a trade-in tax credit), which is what this calculator assumes \u2014 check your specific state's rules, since a few states tax the full price regardless of trade-in.
No \u2014 this covers the vehicle price, tax, down payment and trade-in only. Additional fees vary by dealer and state and would increase the amount financed if rolled into the loan.