Use this calculator to help you determine your monthly car loan payment or how much you can apply for.
Rates & Payments Calculator
Rates & Payments Calculator Definitions
- Enter Your ZIP Code
- Please enter your ZIP Code so we can determine which loan options are available in your area.
- 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, additional options and 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 payment
- Total amount of cash and/or factory rebates used in this purchase. The larger your cash down payment the smaller the loan you will need to finance this purchase.
- Trade in value
- The total amount you are given for any automobile you trade-in as part of this purchase.
- 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 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.
- Annual Percentage Rate (APR)
- The cost of credit expressed as an annual rate. It may be higher than the interest rate if there are fees, points and other charges associated with the credit. The APR is disclosed to a consumer as a requirement of federal truth in lending statutes.