Auto Loan Calculator

Our auto loan calculator with tax functionality helps you determine the true cost of financing a vehicle. Whether you’re buying a new or used car, this calculator factors in all the important elements that affect your total cost and monthly payments, including local sales tax rates.

How to Use Our Auto Loan Calculator

1. Enter the vehicle price
2. Input your down payment amount
3. Enter your local sales tax rate
4. Specify the annual interest rate
5. Choose your loan term in years
6. View your estimated monthly payment and total cost breakdown

The calculator provides comprehensive information about:

• Monthly payment amount
• Sales tax amount
• Total cost including tax and interest
• Total interest to be paid
• Complete amortization schedule

Understanding Your Results

Monthly Payment

Your monthly payment includes both principal and interest, calculated based on the total financed amount (vehicle price plus sales tax, minus down payment).

Sales Tax

Sales tax is calculated on the vehicle price before applying the down payment. This tax amount is added to the total amount financed, making our calculator a complete auto loan calculator with tax integration.

Total Cost

The total cost includes:

• Vehicle price
• Sales tax
• Total interest over the loan term
• Minus your down payment

Tips for Lower Payments

• Make a larger down payment to reduce the amount financed
• Shop for better interest rates
• Consider a longer loan term (though this will increase total interest paid)
• Research local tax rates and fees before purchase

Note: This calculator provides estimates based on the information you enter. Actual loan terms, rates, and taxes may vary based on your location, credit score, and lender requirements.