Loan Calculators
Loan Calculator | Loan Comparison | Loan & Credit Line Payments
Auto Loan Calculator | Buy or Lease an Auto?

Auto Loan Calculator - Definitions

This Financial Calculator requires a Browser with Java Support

Enter your payment - and let us calculate how much automobile you can afford! Based on your desired monthly payment, this calculator helps you determine how much automobile you can purchase.


TermDefinition
Monthly payment Monthly payment for this loan.
Interest rate A periodic charge, expressed as a percentage, for the use of borrowed money. Interest rates are expressed in terms of an annual rate. Interest rates may vary and are subject to approval by the lender. Please enter the estimated current market rate.
APR The APR (annual percentage rate) is the yearly rate of interest and other fees, costs paid to acquire the loan. The APR calculations incorporate fees and interest into a single rate. Lenders are required by law to disclose the APR, and the rate is used to compare various loans available.
Term Number of months for this loan.
Cash down Total amount of cash used in this purchase.
Trade allowance Total dollar amount given on your trade-in.
Amount owed on trade Total loan balance still outstanding on the trade-in.
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.
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 not taxable.
Sales tax rateTotal amount of sales tax on this purchase. Taxes may vary by state and/or county. A few states calculate sales tax on your full purchase price. Most other states calculate sales tax on the purchase price less trade-in.
Total down Net amount available as a down payment. This is your cash down, plus your trade-in, minus any outstanding loan balance on your trade-in.
Net trade in Net amount for trade in applied to your purchase.
Sales price Total price for this car.
Sales tax Total amount of sales tax on this purchase. Taxes may vary by state and/or county. A few states calculate sales tax on your full purchase price. Most other states calculate sales tax on the purchase price less trade-in.
Loan amount Total amount of your auto loan.


These calculators are made available to you as self-help tools for your independent use. We do not guarantee their accuracy or applicability to your circumstances. These tools are not intended to provide investment, legal, tax, or accounting advice. All examples are hypothetical and for illustrative purposes only. You may wish to consult your financial institution or financial advisor for additional information and advice. The calculations in this Report are based on typical conventional fixed rate financing for the term of the loan selected. Actual results may vary depending on the specific product type and availability of loan terms. Additional fees may apply. All loans would be subject to lender approval and credit terms may vary. All user input is private and secure. We do not collect any of the personal information that you provide, nor do we save any of the Reports. All calculations are made on your own computer.