Your result
How this calculation works
Financed amount = price + price × tax rate + fees − down payment. Monthly payment uses the fixed-rate amortization formula.
Enter your own purchase price, tax rate, fees, down payment, and loan terms. Taxes and fees vary by location; these inputs are not automatically looked up.
How to use this calculator
- Enter or choose vehicle price.
- Enter or choose down payment.
- Enter or choose sales tax (%).
- Enter or choose financed fees.
- Enter or choose annual interest rate (%).
- Enter or choose loan term (whole months).
- Select Calculate and review the result and assumptions.
Worked example
A car priced at 20,000 with a 2,000 down payment, no tax or fees, and 0% interest over 36 months has a payment of 500 per month.
Assumptions and limitations
Fixed interest and equal monthly payments only. Verify local taxable amounts, rebates, and lender charges.
Frequently asked questions
Does this look up my local taxes?
No. Enter your own tax rate and fees. The estimate applies sales tax to the full entered vehicle price.
Can I use a zero interest rate?
Yes. At 0%, the financed amount is divided by the number of monthly payments.