Car Loan Calculator

Auto Price Value between $10 and $100,000,000

Down Payment The upfront payment made when purchasing a vehicle to reduce the amount that needs to be financed. Value between $0 and $100,000,000

Loan Term Please enter a term between 1 and 360 months

Interest Rate Please enter a rate between 0% and 100%

Trade-in Value The value of your existing vehicle that will be deducted from the new car purchase price, reducing the loan amount needed. Note: In some states, the trade-in value can also reduce the taxable amount. Value between $0 and $100,000,000

Amount Owed on Trade-in The remaining loan amount on your existing vehicle. This amount will be deducted from the trade-in value to get the net trade-in value. If the amount owed exceeds the trade-in value, you'll need to pay the difference. Value between $0 and $100,000,000

Cash Incentives Cash rebates, discounts, or incentives offered by manufacturers, dealers, or other parties. These amounts directly reduce the vehicle purchase price, thus reducing the loan amount needed. Value between $0 and $100,000,000

Sales Tax The sales tax rate imposed by state or local government. In most states, sales tax is calculated based on (car price - trade-in value). The exact calculation method may vary by state, please check your state's specific regulations. Please enter a rate between 0% and 100%

Title, Registration & Fees The total of various fees involved in the car purchase process, including: title transfer fee, registration fee, document processing fee, advertising fee, transportation fee, etc. These fees can be included in the loan or paid as part of the upfront payment. Value between $0 and $100,000,000

Include taxes and fees in loan

Payment Method

Fixed Payment Fixed Payment Method: Monthly payment amount remains the same, but more interest is paid in the early stages and more principal in the later stages. This is the most common car loan repayment method. Principal-Based Payment Principal-Based Payment Method: Pay the same principal amount each month plus corresponding interest. As the principal decreases monthly, the interest also decreases, so the monthly payment gradually reduces. Total interest paid is less than the fixed payment method.

Loan Summary

Monthly Payment

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Total Loan Amount

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Sales Tax

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Upfront Payment The total cash amount needed at the time of purchase, calculated as follows: 1. Base Upfront Payment: - If taxes and fees are included in the loan: Upfront = Down Payment - If taxes and fees are not included in the loan: Upfront = Down Payment + Sales Tax + Fees 2. Trade-in Processing: - If the trade-in vehicle has outstanding loan and the amount owed exceeds trade-in value - Excess amount = Amount Owed - Trade-in Value - This excess amount will be added to the upfront payment Example: If Trade-in Value is $5,000 and Amount Owed is $7,000 You'll need to pay an additional $2,000 ($7,000 - $5,000)

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Total of 60 Loan Payments

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Total Interest

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Total Cost

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Car Loan Calculator

Loan Summary

Monthly Payment

Total Loan Amount

Sales Tax

Total of 60 Loan Payments

Total Interest

Total Cost

Loan Breakdown

Amortization Schedule

Monthly Payment Details

Auto Loan Calculator: Your Guide to Car Financing

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