Auto Loan Calculator

How to use the Auto Loan Calculator

1. 01
   Enter the vehicle price. The negotiated price before tax.
2. 02
   Add down payment and trade-in. Both reduce the amount you finance.
3. 03
   Set tax, rate, and term. Sales tax is added to the financed amount; pick your APR and term.

How is it calculated?

The loan amount is the price plus sales tax, minus your down payment and trade-in value. That amount is amortized at your APR over the term using the standard fixed-payment formula, giving the monthly payment, total interest, and total cost.