Auto Loan Calculator
Find a car loan's monthly payment with sales tax, fees, rebates, down payment and trade-in.
Change the values and press Calculate to work out your own figures.
Enter the price, term, rate and what you put down.
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 1 | $1,835.98 | $7,222.22 | $32,777.78 |
| 2 | $1,466.47 | $7,591.73 | $25,186.05 |
| 3 | $1,078.06 | $7,980.14 | $17,205.91 |
| 4 | $669.79 | $8,388.41 | $8,817.50 |
| 5 | $240.63 | $8,817.50 | $0.00 |
Show the working
- loan = price − rebates − down − trade-in + owed (+ tax and fees if financed)
How to use it
Enter the price, term, rate and what you put down.
Enter amounts without commas or with them; rates are percentages (5 for 5%). Negative amounts are allowed where a sign means money paid out.
Key facts
loan = price − rebates − down − trade-in + owed on trade-in (+ tax and fees if financed) tax = (price − trade-in, where credited) × rate
Tax
Most states tax the price after a trade-in but before rebates; California, Hawaii, Kentucky, Maryland, Michigan, Montana, Virginia and DC give no trade-in credit.
Questions
What is the payment on a $50,000 car, $10,000 down, 60 months at 5%?
$754.85 a month.
Formulas
loan = price − rebates − down − trade-in + owed on trade-in (+ tax and fees if financed) tax = (price − trade-in, where credited) × rate
Sources
Limitations
- Results are estimates for planning, not offers or financial advice; lenders and banks may round, count days or time payments differently.
- Rates are nominal annual rates compounded as you choose; payments at a different frequency use the equivalent periodic rate.