Compute car monthly payments, total interest, sales tax, and net amount financed with customizable trade-in tax rules.
Monthly Payment
$563.93
Net Amount Financed
$29,240.00
Sales Tax Amount
$2,240.00
Total Interest Paid
$4,595.95
Total Vehicle Cost
$33,835.95
Computes sales tax based on your jurisdiction's trade-in tax rules (either net price after trade-in or full sticker price), subtracts down payments and trade-in value to determine net financed amount, then amortizes payments over the loan term.
1. Enter the vehicle price, cash down payment, and trade-in allowance. 2. Set your sales tax rate and toggle the trade-in tax credit according to your state rules. 3. Input interest rate and loan term to review monthly payments and financing costs.
Net Amount Financed is the total balance borrowed after applying down payments, trade-in value, and sales taxes. Total Interest is the cumulative cost of borrowing.
FAQ
No. While most US states offer a trade-in tax credit (charging sales tax only on the net difference), some states (such as California, District of Columbia, Maryland, and Virginia) and certain countries charge sales tax on the full vehicle purchase price before trade-in allowance.
Common loan terms range from 36 to 72 months. Shorter terms save interest, while longer terms lower monthly payments.
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