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Auto Loan Calculator

This auto loan calculator will help you determine how much your monthly auto loan payments will be or how much will be the total purchase price of your vehicle.

After you have input the needed information, use the “Calculate” button to get the results. If you want to examine your entire amortization schedule, you can do that by clicking on the "View Report" button.

The graph of the calculator provides you will the additional ability to see how the different auto loan terms or down payments will affect your monthly payments.

This Auto Loan Calculator requires SUN's Java™ Plug-in in order to function. If you see this message, this means that you need to download the SUN's Java™ Plug-in.

You can do that automatically by clicking the yellow bar at the top of the browser you use and choosing “Install ActiveX Control”, or by visiting this link: get the SUN's Java™ Plug-in here!

Used Auto Loan Terminology

Monthly payment

The amount of money you need to pay each month for your auto loan.

Total purchase price (before tax)

The total price of your auto purchase includes the cost of the vehicle itself, as well as any additional options and destination charges. This amount does not include sales tax since sales tax will be automatically calculated and included in your total price after taxes.

Term in months

The time period for your auto loan, expressed in months.

Interest rate

The annual interest rate for your auto loan.

Cash down

The cash (or down payment) you are able to put down for your auto purchase. The larger the cash down payment is, the smaller the loan for financing your vehicle will be.

Trade allowance

The reduction in the price of your new vehicle for any automobile that is given (trade-in) as part of the deal. In some states the trade-in will also reduce the due amount of sales tax.

Amount owed on trade

The outstanding loan balance on the trade-in.

Non-taxable fees (optional)

Any additional fees that are not taxable (such as document fees).

Taxable fees (optional)

Any additional fees that are taxable (such as title transfer fees).

Sales tax rate

The sales tax percentage rate that is charged on your auto purchase.

No sales tax deduction for trade-in

If your state does not allow any deductions for trade-ins and calculates the sales tax on the full purchase price, you should check this box. Otherwise, leave it unchecked.

Currently California, Hawaii, Maryland, Michigan and the District of Columbia are the states that allow no tax deductions for trade-ins. Additionally, Delaware, Montana, Oregon, New Hampshire, and Alaska have no sales tax on automobiles.

The auto loan calculators and the information available on this site are intended to serve only as general guidance regarding auto loans. Since they do not take into account your individual circumstances, we cannot and do no guarantee their accuracy or suitability to a specific purpose. We highly recommend you to consider the appropriateness of any information to your objectives before acting on it, and encourage you to consult a qualified professional regarding you particular personal situation.

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