Automotive Loan Calculator
Use this calculator to help you determine your monthly auto loan payment or your
auto purchase price. After you have entered your current information, use the
graph options to see how different loan terms or downpayments can impact your
monthly payment. You can also examine your complete amortization schedule by
clicking on the "View Report" button.
Definitions
- Monthly payment
- Monthly payment for your auto financing.
- Total purchase price (before tax)
- This is the total cost of your auto purchase. Include the cost of the
vehicle, any additional options and any destination charges. Don't include sales
tax in this amount. Sales tax will be calculated for you and included in your
total after tax price.
- Term in months
- Number of months for this loan.
- Interest rate
- Annual interest rate for this loan.
- Cash down
- Total amount of cash used in this purchase. The larger your cash down
payment the smaller the loan you will need to finance this purchase.
- Trade allowance
- The total amount that you are given for any automobile that you trade-in as
part of this purchase. In some states a trade-in can also reduce the amount of
sales tax you will owe. See the definition for "Sales tax deduction for
trade-in" for more information on trade-in vehicles and sales tax.
- Amount owed on trade
- Total loan balance still outstanding on the trade-in.
- Non-taxable fees (optional)
- Any additional fee that is not subject to sales tax. This usually includes
document fees or any other fees that may be due at delivery and are not taxable.
- Taxable fees (optional)
- Any additional fee that is subject to sales tax. This usually includes title
transfer fees or any other fees that may be due at delivery and are taxable.
- Sales tax rate
- Sales tax percentage rate charged on this purchase.
- No sales tax deduction for trade-in
- If you live in a state where your sales tax is calculated on your full
purchase price, check this box. If this box is unchecked, sales tax is
calculated on the purchase price less trade in. Currently California, the
District of Columbia, Hawaii, Maryland, and Michigan allow no deductions for
trade-ins when calculating sales tax. In addition, Alaska, Delaware, Montana,
New Hampshire, and Oregon have no sales tax on autos.
| |
| Set As Homepage | Add To Favorites | Print This Page |
| |
|
|
| |
 |
Make Federal tax payments with EFTPS. Note that your browser will need 128 bit encryption.
Visit www.eftps.gov
|
|
| |
 |
Get an instant credit report from several national agencies to learn about your credit.
Check credit report
|
|
| |
| **THE National Bank does not endorse or guarantee the
products, information or recommendations provided by
linked sites and is not liable for any failure of
products or services advertised on those sites.
Third party sites may have a privacy policy
different than that of THE National Bank and may
provide less security than that which is
provided by THE National Bank. |
|
