Auto Loan Calculator
Calculate car loan payments including trade-in value, down payment, and sales tax.
About Auto Loan Calculator
An auto loan calculator helps you estimate your monthly car payment and understand the total cost of financing a vehicle. It factors in the purchase price, down payment, trade-in value, interest rate, loan term, and sales tax.
Tips for Auto Loans
- A larger down payment reduces your monthly payment and total interest paid
- Shorter loan terms mean higher monthly payments but less total interest
- Shop around for the best interest rates from multiple lenders
- Consider the total cost of ownership including insurance, maintenance, and fuel
- Your trade-in value is applied as a down payment, reducing the loan amount
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For a related calculation, use House Affordability Calculator to determine the maximum home price you can afford based on income and the 28/36 rule. Alternatively, use Interest Rate Calculator to solve for the required interest rate given present value, future value, and time period.
For the underlying method, read How to Calculate a Mortgage Payment: Principal, Interest, and the Real Monthly Cost or How Much House Can You Actually Afford?.