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Auto Loan Calculator (Car Loan)

Find your monthly car payment with trade-in, down payment, sales tax and fees.

  • 100% free
  • Trade-in and sales tax

Currency

$
$
$
$
$
%
%

Loan term (months)

Monthly payment

$438.14

60 payments

Amount financed
$22,180.00
Total interest
$4,108.69
Sales tax
$1,680.00
Total cost of the car
$38,288.69
Payments + down payment + trade-in equity

Last reviewed by the OnlineToolPro team

What is the Auto Loan Calculator (Car Loan)?

Works out a car loan payment the way dealers do: price plus sales tax and fees, minus your down payment and trade-in equity. It also handles owing money on your trade-in and shows the total interest.

How it works

How to use the Auto Loan Calculator (Car Loan)

3 simple steps. No experience needed.

What can you use it for?

  • Check a dealer's monthly payment quote.
  • Compare 48, 60 and 72-month loans.
  • See how a bigger down payment saves interest.

Good to know

Negative equity

If you owe more on your trade-in than it's worth, that difference is added to the new loan. The calculator shows it so it doesn't come as a surprise.

FAQ

Frequently asked questions

Is sales tax charged before or after the trade-in?

In most US states, only on the price after the trade-in credit, which saves money. A few states tax the full price — switch the option off for those.

Is a longer loan a good idea?

A 72 or 84-month loan lowers the payment but costs more interest, and you may owe more than the car is worth for longer.

Related guides

Step-by-step help for getting more out of the auto loan calculator.

All guides

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