Auto Used Cars for Sale: Car Loan Calculator

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

This Financial Calculator requires a Browser with Java Support

User's Guide Manual

To use this calculator effectively:
1. Read the definitions at the end of this page.

2. Enter all of the variables: rate (%) and dollar ($) amount. Select the time frame.

3. Select varieties of options and possibilities.

4. To see the results Click "Calculate" button.

5. To read and print more detailed explanations of the results, click "View Report" button.

Definitions

Monthly payment Monthly payment for this loan.

Interest rate Annual interest rate for this loan.

Term Number of months for this loan.

Cash down Total amount of cash used in this purchase.

Trade allowance Total dollar amount given on your trade-in.

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

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.

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 not taxable.

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

Net trade in Net amount for trade in applied to your purchase.

Sales price Total price for this auto purchase.

Sales tax Total amount of sales tax on this purchase.

Loan amount Total amount of your auto loan.

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.

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* Information and interactive calculators are made available to you as self-help tools for your independent use. We can not and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

* You may link to our calculator web sites or print them out for your own personal use, but no parts of these pages or program can be copied, reproduced, sold, or transmitted in any form without explicit written permission. By copying or paraphrasing the intellectual property on this site, you're automatically signing a binding contract and agreeing to be billed $10,000 payable immediately.

Monthly payment	Monthly payment for this loan.
Interest rate	Annual interest rate for this loan.
Term	Number of months for this loan.
Cash down	Total amount of cash used in this purchase.
Trade allowance	Total dollar amount given on your trade-in.
Amount owed on trade	Total loan balance still outstanding on the trade-in.
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.
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 not taxable.
Sales tax rate	Sales tax percentage rate charge on this purchase.
Net trade in	Net amount for trade in applied to your purchase.
Sales price	Total price for this auto purchase.
Sales tax	Total amount of sales tax on this purchase.
Loan amount	Total amount of your auto loan.
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.