Personal Finance Utility
Auto Loan Calculator
Estimate amount financed, monthly payment, and total interest from price, down payment, trade-in, tax, fees, APR, and term.
Method
The modeled amount financed is vehicle price − down payment − trade-in credit + modeled sales tax + fees. Sales tax is calculated on vehicle price minus trade-in credit in this tool. The payment then uses the standard fixed-payment amortization formula.
Worked example
For a $30,000 vehicle, $3,000 down payment, no trade-in, 10% modeled sales tax, $500 financed fees, 6% APR, and 60 months, the modeled amount financed is $30,500 and the monthly payment is approximately $589.65.
When this is useful
Useful for comparing vehicle price, down payment, trade-in, tax, fees, APR, and term assumptions before shopping or reviewing a financing offer.
Privacy
The values you enter into this calculator are processed in your browser by Practical Tools Hub application assets. The calculator does not need to send your calculation inputs to a third-party calculation service.
Limitations
Actual auto-loan taxes and trade-in tax treatment vary by jurisdiction. Dealer fees, rebates, incentives, registration, optional products, lender fees, and financing terms vary. This calculator is not a lender quote, approval estimate, or financial recommendation.