Car Loan Calculator
Include a down payment, trade-in, sales tax and fees in an auto-loan estimate.
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Formula / Calculation Method
Financed amount = price + price × tax rate + fees − down payment − trade-in.
Example Calculation
A 20,000 vehicle, 2,000 down and 0% tax produces an 18,000 loan before fees.
Understanding the Result
Sales tax is applied to the full vehicle price. Trade-in tax relief and outstanding trade-in debt are excluded. Total cost includes down payment and trade-in value.
What is the Car Loan Calculator?
Include a down payment, trade-in, sales tax and fees in an auto-loan estimate.
How to Use
Enter vehicle price before tax, your cash down payment, trade-in value, financed fees and sales-tax percentage. Then enter the annual rate and loan term.
Select Calculate after entering your values. Text tools update as you type. Reset restores the starting fields.
Interpreting the Calculation
Financed amount is the balance on which interest is calculated. Total cost includes loan repayments, the initial down payment and the value contributed through the trade-in.
Common Questions
What if I still owe money on my trade-in?
This model assumes the entered trade-in value is fully available. Use your net equity or separately adjust financed fees after checking the transaction details.
What assumptions does this tool use?
Sales tax is applied to the full vehicle price. Trade-in tax relief and outstanding trade-in debt are excluded. Total cost includes down payment and trade-in value.
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