| Auto Loan Calculator
Use this calculator to help you determine your monthly auto
loan payment or your auto purchase price. After your have
entered your current information, use the graph options to
see how different loan terms or downpayments can impact your
monthly payment. You can also examine your complete amortization
schedule by clicking on the "View Report" button.
| Definitions
|
| Monthly payment |
Monthly payment for this loan |
| Interest rate |
Annual interest rate for this loan |
| Term |
Number of months for this loan |
| Cash down |
Total amount of cash used in this purchase
|
| Trade allowance |
Total dollar amount given on your trade-in
|
| Amount owed on trade |
Total loan balance still outstanding on
the trade-in |
| Taxable fees (optional) |
Any additional fee that is subject to sales
tax. This usually includes title transfer fees or any
other fees that may be due at delivery and are taxable.
|
| Non-taxable fees (optional) |
Any additional fee that is not subject
to sales tax. This usually includes document fees or any
other fees that may be due at delivery and not taxable.
|
| Sales tax rate |
Sales tax percentage rate charge on this
purchase. |
| Total down |
Net amount available as a down payment.
This is your cash down, plus your trade-in, minus any
outstanding loan balance on your trade-in. |
| Net trade in |
Net amount for trade in applied to your
purchase |
| Qualifying income |
Minimum monthly income range required to
qualify for this loan payment. |
| Sales price |
Total price for this car |
| Sales tax |
Total amount of sales tax on this purchase.
|
| Loan amount |
Total amount of your auto loan. |
| No sales tax deduction
for trade-in |
If you live in a state where your sales
tax is calculated on your full purchase price check this
box. If this box is unchecked sales tax is calculated
on the purchase price less trade in. Currently California,
the District of Columbia, Hawaii, Maryland, Michigan allow
no deductions for trade-ins when calculating sales tax.
In addition, Alaska, Delaware, Montana, New Hampshire,
and Oregon have no sales tax on autos. |
information
and interactive calculators are made available to you as self-help
tools for your independent use. We can not and do not guarantee
their accuracy or their applicability to your circumstances.
We encourage you to seek personalized advice from qualified
professionals regarding all personal finance issues.
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