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Back to Financial Tools Main
Auto Loan Calculator
Use this calculator to help you determine
your monthly auto loan payment or your
auto purchase price. After you have entered
your current information, use the graph
options to see how different loan terms
or downpayments can impact your monthly
payment. You can also examine your complete
amortization schedule by clicking on the
"View Report" button.
Definitions
- Monthly payment
- Monthly payment for this loan.
- Interest rate
- Annual interest rate for this
loan.
- Term
- Number of months for this
loan.
- Cash down
- Total amount of cash used
in this purchase.
- Trade allowance
- Total dollar amount given
on your trade-in.
- Amount owed on trade
- Total loan balance still outstanding
on the trade-in.
- Taxable fees (optional)
- Any additional fee that is
subject to sales tax. This usually
includes title transfer fees
or any other fees that may be
due at delivery and are taxable.
- Non-taxable fees (optional)
- Any additional fee that is
not subject to sales tax. This
usually includes document fees
or any other fees that may be
due at delivery and not taxable.
- Sales tax rate
- Sales tax percentage rate
charge on this purchase.
- Net trade in
- Net amount for trade in applied
to your purchase.
- Sales price
- Total price for this auto
purchase.
- Sales tax
- Total amount of sales tax
on this purchase.
- Loan amount
- Total amount of your auto
loan.
- No sales tax deduction
for trade-in
- If you live in a state where
your sales tax is calculated
on your full purchase price
check this box. If this box
is unchecked sales tax is calculated
on the purchase price less trade-in.
Currently California, the District
of Columbia, Hawaii, Maryland
and Michigan allow no deductions
for trade-ins when calculating
sales tax. In addition, Alaska,
Delaware, Montana, New Hampshire,
and Oregon have no sales tax
on autos.
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