Auto Loan Calculator with Trade-In, Taxes & Fees
Know your payment. Understand the full cost. Build a clearer picture of your next car loan, before you visit the dealership.
Your loan details
Includes entered taxes & fees in both modes.
For 60 months at 6.5% APR.
- Amount financed
- $32,850.00
- Total interest
- $5,714.88
- Total loan payments
- $38,564.88
Fixed-rate estimate. Taxes and all entered fees are financed. Insurance and running costs are not included.
Your options, side by side
| Option | Monthly payment | Total interest | Total cost |
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Your path to paid off
Remaining loan balanceWhere your money goes
Monthly amortization
Unrounded calculation; values displayed to cents| Month | Payment | Principal | Interest | Balance |
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Understand the numbers
How this calculator works
Start with the negotiated selling price, rather than the sticker price. Add the taxes and fees you will finance, subtract cash down and trade-in equity, then apply your quoted APR and loan term. A trade-in loan balance is added back because it still needs to be paid. The estimate assumes a fixed rate and equal monthly payments.
A worked example
A $35,000 vehicle with $2,100 in sales tax, $500 in dealer fees, $250 in title costs and $5,000 down means financing $32,850. At 6.5% for 60 months, the estimated payment is $642.75. Your lender’s payment may differ because of daily interest or contract rounding.
The formula, in plain sight
Amount financed = vehicle price + sales tax + fees + title + add-ons − down payment − trade-in value + trade-in payoff. Monthly payment = P × r ÷ (1 − (1 + r)⁻ⁿ), where r = APR ÷ 1,200 and n is the number of months.
Keep your comparison going
Learn more from the Consumer Financial Protection Bureau’s auto loan resources. Confirm contract details with your lender.
Frequently asked questions about car payment
How do I calculate my monthly car payment?
First estimate the amount financed: add the vehicle price, entered taxes, fees, and add-ons, then subtract cash down and trade-in value and add any old loan payoff. The calculator applies your APR as a fixed nominal rate over the selected monthly term. Enter a lender quote when you have one; actual contracts can use different timing or rounding.
How much is a $30,000 car payment for 60 months?
The payment depends on APR and any down payment, taxes, or fees. As an illustration, financing exactly $30,000 for 60 months at 7% APR gives an estimated payment of about $594.04 per month and about $5,642.16 in interest. The example excludes taxes, fees, down payment, and trade-in. Enter your actual loan details for a closer estimate.
How much is a $25,000 car loan at 7% interest?
The loan term changes the payment and total interest. For example, a $25,000 balance at 7% APR over 60 months is about $495.03 per month, with roughly $4,701.80 in interest if payments are made as scheduled. This estimate assumes a fixed rate and no extra charges. Try your exact term in the calculator.
Does a car payment calculator include taxes and fees?
Yes, when you enter them in Advanced mode. This calculator accepts a manual sales tax rate, dealer fees, title and registration costs, add-ons, and trade details. It does not look up or infer your state or local tax rules. The taxable base can vary, so verify the itemized out-the-door quote and adjust inputs to match it.
Related: Out-the-door price calculator
How does a down payment affect my monthly car payment?
A down payment reduces the amount you borrow. With the same APR and loan term, a smaller principal generally means a lower monthly payment and less interest over the loan. Keep enough cash available for other expenses, and compare the total cost as well as the payment. Enter a different down payment to see the change.
Source: CFPB auto loan guidance
How does trading in a car affect my auto loan?
The trade-in value reduces the new amount financed, while any payoff on the old loan is added back. If the payoff is higher than the trade offer, the gap is negative equity and may increase the new loan if the lender allows it. Enter trade value and payoff separately, then review the new amount financed and interest.
Related: Negative equity trade-in calculator
Source: FTC on negative equity
What is the difference between APR and interest rate on a car loan?
The interest rate measures the rate used to calculate interest on the loan balance. APR expresses the yearly cost of credit and may include certain finance charges, so it can differ from the stated interest rate. This calculator uses your entered APR as a fixed nominal rate divided by 12 for its estimate; your contract may calculate interest differently.
Source: CFPB auto loan guidance