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 down payments can impact your monthly payment. You can also examine your complete amortization schedule by clicking on the "View Report" button.

Auto Financing Results

Your auto financing of LOAN_AMOUNT has a monthly payment of MONTHLY_PAYMENT.

This is for LOAN_AMOUNT in auto financing at INTEREST_RATE for TERM months. The total for all of your payments** would be TOTAL_OF_PAYMENTS.


Auto Financing Summary
Interest rate:INTEREST_RATE
Term in months:TERM
Total purchase price (before tax):AUTO_SALE_PRICE
Taxable fees:TAXABLE_FEES
Sales tax*:SALES_TAX
 *MSG_CHECK_TAX_LESS_TRADE Currently California, the District of Columbia, Hawaii, Maryland and Michigan allow no deductions for trade-ins when calculating sales tax. If you live in one of these states make sure to check the box 'No sales tax deduction for trade-in' on the main calculator page.
Non-taxable fees:NONTAX_FEES
Total sales price (after tax):TOTAL_SALE_PRICE
Total down payment**:TOTAL_DOWN
 **Your total down payment is calculated as your rebates and cash down payment of CASH_DOWN plus your trade-in allowance of TRADE_ALLOWANCE minus the AMOUNT_OWED_ON_TRADE balance outstanding on your trade-in vehicle.
Amount financed:LOAN_AMOUNT
Monthly payment:MONTHLY_PAYMENT
Total payments***:TOTAL_OF_PAYMENTS
Total interest paid***:INTEREST_PAID
 ***This assumes that you do not refinance and that all payments are made on time with no prepayments.

Payment schedule



This Financial Calculator requires SUN's Java™ Plug-in. If you see this message you will need to download SUN's Java™ Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing “Install ActiveX Control”.

    You can also get SUN's Java™ Plug-in here: Get the Java™ Plug-in!

    For more information about this Plug-in please visit: SUN's Java™ Plug-in
    For more information these financial calculators please visit: Financial Calculators from KJE Computer Solutions, LLC


Monthly payment
Monthly payment for your auto financing.

Total purchase price (before tax)
This is the total cost of your auto purchase. Include the cost of the vehicle, any additional options and any destination charges. Don't include sales tax in this amount. Sales tax will be calculated for you and included in your total after tax price.

Term in months
Number of months for this loan.

Interest rate
Annual interest rate for this loan.

Rebates and Cash down
Total amount of cash and/or factory rebates used in this purchase. The larger your cash down payment the smaller the loan you will need to finance this purchase.

Trade allowance
The total amount that you are given for any automobile that you trade-in as part of this purchase. In some states a trade-in can also reduce the amount of sales tax you will owe. See the definition for "Sales tax deduction for trade-in" for more information on trade-in vehicles and sales tax.

Amount owed on trade
Total loan balance still outstanding on the trade-in.

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 are not taxable.

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.

Sales tax rate
Sales tax percentage rate charged on this purchase.

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.