Auto Loan Calculator
Plan your car purchase with accurate payment estimates including sales tax and trade-in value.
Auto Loan Summary
What is an Auto Loan Calculator?
An auto loan calculator helps car buyers estimate their monthly payments and the total cost of financing a vehicle. It accounts for the vehicle price, down payment, trade-in value, sales tax, interest rate, and loan term.
By understanding the full cost of ownership before visiting a dealership, you can negotiate confidently and avoid overextending your budget. This tool also shows how much interest you will pay over the life of the loan.
How to Use
- Enter the vehicle price and your planned down payment.
- Add any trade-in value and the local sales tax rate.
- Set the interest rate and loan term using the slider (12 to 84 months).
- Click Calculate to see your loan amount, monthly payment, and total cost.
Frequently Asked Questions
How is the loan amount calculated?
The loan amount equals the vehicle price minus down payment and trade-in value, multiplied by one plus the sales tax rate. This ensures tax is financed only on the net amount you actually pay.
What is a good interest rate for a car loan?
As of 2026, rates vary widely based on credit score. Prime borrowers may see rates around 5-7%, while subprime borrowers may face 10% or higher.
Should I choose a longer loan term?
Longer terms lower your monthly payment but increase total interest paid. Try to keep the term at 60 months or less to avoid being upside down on your loan.
Does the calculator include registration and fees?
No, registration, title, and dealer fees are not included. Add those to the vehicle price if you plan to finance them.