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Use this monthly auto loan payment calculator to help you determine your monthly auto loan payment or your auto purchase price. Estimate how much automobile you can afford based on a proposed monthly payment, or estimate what your auto loan payment will be based on your purchase price and other factors.
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.
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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. Cash down Total amount of cash 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.
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| Note: This information is for general use only. Use this information as part of a full research process. General financial advice does not always apply directly to individual financial matters. Please consult a financial expert with specific and complex questions about your individual situation. |
This monthly auto loan payment calculator is just one of more than 30 personal finance calculators that we offer to consumers to help make knowledgeable decisions in all-important financial situations. Please use the monthly auto loan payment calculator as part of a thorough research process. For more news, advice and resources, visit our knowledge center.
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