Auto Loan Calculator

Work out your monthly car payment, accounting for trade-in value, down payment, and sales tax.

How this calculator works

Sales tax is applied to the price minus your trade-in value, then added to the loan. The remaining balance amortizes at your interest rate over the loan term, same as any fixed-rate loan.

Amount financed = Price − Down payment − Trade-in + Sales tax
The financed amount is then run through the standard loan amortization formula.

Trade-in value and sales tax

Most US states only charge sales tax on the price minus your trade-in value, which is why trading in a vehicle can meaningfully lower your total loan amount even before considering the trade-in credit itself.

Frequently asked questions

Does trade-in value reduce sales tax?

In most US states, yes — sales tax is calculated on the price after subtracting your trade-in value, not the full vehicle price.

Should I include destination or dealer fees?

Add them to the vehicle price field for the most accurate financed amount, since they're typically rolled into the loan.