About the Car Loan Calculator
Estimate your monthly car payment including sales tax, down payment and trade-in. This tool is free, works in your browser and needs no sign-up.
How to use the Car Loan Calculator
Enter the car price, down payment, trade-in value, interest rate, loan term and sales tax. The tool shows the amount financed and your monthly payment.
Formula used
Amount financed = price × (1 + tax) − down payment − trade-in. Payment = L × r × (1 + r)^n ÷ ((1 + r)^n − 1).
Example
With Car price 25000, Down payment 3000, Trade-in value 0, Interest rate (% per year) 7, Loan term (months) 60, Sales tax (%) 8, the calculator shows: Monthly payment = 475.23; Amount financed = 24,000.00; Total interest = 4,513.73.
Frequently asked questions
Is the Car Loan Calculator free to use?
Yes. It is completely free and you can use it as many times as you like.
How accurate is the Car Loan Calculator?
The calculator uses standard formulas, so the maths is exact. Real life results can differ because of fees, taxes, rounding or personal factors, so treat the answer as an estimate.
Do you store the numbers I enter?
No. All calculations run in your browser. The values you type are not sent to our server.
Disclaimer: results are estimates for information only. They are not financial, medical or professional advice.