Financial
Auto Loan Calculator
Calculate your monthly car payment from vehicle price, down payment, trade-in value, sales tax and loan term.
Currency for this calculator
Monthly Payment
$591.68
- Amount Financed$30,240.00
- Sales Tax$2,240.00
- Total Interest$5,260.82
- Total Cost$39,500.82
Show your work
- Sales tax = $32,000.00 × 7% = $2,240.00
- Amount financed = price + tax − down payment − trade-in = $30,240.00
- Monthly payment M = $30,240.00 × [r(1+r)^60] / [(1+r)^60 − 1] = $591.68
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