Finance calculator

Auto Loan Calculator

Estimate car loan payment, amount financed, total interest, and total cost after down payment, trade-in, tax, and fees.

FormulaAmount financed = price - down payment - trade-in + tax + fees; payment uses the loan amortization formula

Formula

Auto loan payment

Amount financed = price - down payment - trade-in + tax + fees; payment uses the loan amortization formula

A 30,000 car with 5,000 down, 2,000 trade-in, 8% tax, and 6.5% APR is financed over the selected term.

FAQ6 common questions for this calculator.

FAQs

Does this include insurance or maintenance?+

No. It estimates the financed vehicle payment and related loan totals only.

Should trade-in reduce tax?+

Rules vary by location. This calculator uses a simple taxable price after trade-in estimate.

How does the Auto Loan Calculator calculate the result?+

For the Auto Loan Calculator, it uses the Auto loan payment: Amount financed = price - down payment - trade-in + tax + fees; payment uses the loan amortization formula. A 30,000 car with 5,000 down, 2,000 trade-in, 8% tax, and 6.5% APR is financed over the selected term.

What information do I need to use the Auto Loan Calculator?+

Enter the money values, rates, dates, quantities, or assumptions requested by the form. Keep every amount in the same currency or business period before comparing the Auto Loan Calculator result.

How accurate is the Auto Loan Calculator?+

Auto Loan Calculator is accurate for the rates, amounts, dates, and rules entered. It uses the Auto loan payment shown on this page. Real products can differ because of fees, taxes, contract terms, or changing official thresholds.

What should I check before using the Auto Loan Calculator result?+

For the Auto Loan Calculator, check the entered amounts, rates, dates, and rules, then compare the Auto loan payment and worked example with the contract or source you will rely on. Fees, tax year, currency, and payment timing can change the final decision.

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Finance guide

How to use the Auto Loan Calculator

Estimate car loan payment, amount financed, total interest, and total cost after down payment, trade-in, tax, and fees. The page also explains the auto loan payment and shows a practical example: A 30,000 car with 5,000 down, 2,000 trade-in, 8% tax, and 6.5% APR is financed over the selected term.

  1. 1

    Enter your details

    Enter the values for the auto loan calculator scenario you want to check.

  2. 2

    Check the calculation

    Review the result alongside the auto loan payment: Amount financed = price - down payment - trade-in + tax + fees; payment uses the loan amortization formula.

  3. 3

    Compare scenarios

    Change one or more inputs to see how they affect the auto Loan Calculator result before you use the estimate.