Auto Payment Calculator

How much will my auto payments be?

There’s more to figuring out actual auto loan payments than just calculating the payments on the vehicle’s sticker price. Use this calculator to find out how much your auto loan payments will be. Enter the price of the vehicle, the sales tax percentage you will pay on the new vehicle, and other charges that will be financed, like tags and registration, or dealer prep and delivery charges. Then enter any cash, trade-in, and dealer rebates that you will use as a down payment and the interest rate and length of the loan you are considering. You can even enter an additional amount you intend to add to your payment each month to work down your principal and the calculator will show you the anticipated payoff time.

Field Help

Input Fields

Title: A title for these calculator results that will help you identify it if you have printed out several versions of the calculator.

Lender: The name of your potential lender. This field is not required but may help if you have printed out several loan scenarios.

Vehicle Price: The sticker price or negotiated price of the vehicle you would like to purchase.

Sales Tax: The sales tax percentage you will pay on this purchase.

Other Financed Charges: Sticker price add-on charges to be financed with your auto loan. These may include license plates, vehicle registration, luxury tax, extended warranty policy, dealer prep charges, or destination charges, etc.

Cash Down Payment: Any cash amount you plan to apply as a down payment to reduce your loan or lease amount.

Trade-In Value: Any vehicle trade-in amount you plan to apply as a down payment to reduce your loan or lease amount.

Dealer Rebate: Any dealer (or manufacturer) rebate or matching down payment amount you plan to apply as a down payment to reduce your loan or lease amount.

Interest Rate: The annual percentage rate you will pay for this loan.

Length of Loan: How long you will pay on this loan. Also choose whether ‘Length of Loan’ is years or months.

Additional Principal: The additional amount you will pay each month (over the required ‘Monthly Payment’ amount) to pay down the principal on your loan.

Output Fields

Total Vehicle Price: The total vehicle price once ‘Sales Tax Amount’ and ‘Other Financed Charges’ are added.

Total Down Payments: The total down payment amount you plan to apply to your purchase to reduce the loan amount.

Monthly Payment: Principal + Interest + Additional Principal (where applicable) to be paid each month.

Loan Amount: Your total auto loan amount once ‘Sales Tax’ and ‘Other Financed Charges’ are added and ‘Total Down Payments’ is subtracted.

Total Interest: Total amount of interest you will pay over ‘Length of Loan’.

Total Paid: Total amount of principal + interest you will pay over ‘Length of Loan’.

Payoff Time: Amount of time until the loan is paid off.

Number of Payments: The number of payments you will make to pay off the loan.

Annual Cost: The amount of money you will pay each year for this loan.

Sales Tax Amount: The amount of sales tax you will pay on this purchase.