Auto Loan Calculator
Vehicle financing calculator with detailed amortization
Use price, trade-in, incentives, taxes, and fees to estimate financed amount and repayment breakdown.Input details
Summary Result
Total Loan Amount
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Interest Rate
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Loan Period (Months)
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Sales Tax
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Upfront Payment
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Total Interest
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Total Fee
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Total Interest + Total Fee
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Monthly Payment
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Annual Payment
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Total Payment (Loan + Interest)
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Total Auto Cost (price, interest, tax, fees)
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Maturity End Date
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Principal vs Interest
Initial Principal--
Total Interest--
Amortization Schedule
| Year | Amount | EMI | Interest | Principle | Balance |
|---|---|---|---|---|---|
| Enter inputs and calculate. | |||||
| Month | Amount | EMI | Interest | Principle | Balance |
|---|---|---|---|---|---|
| Enter inputs and calculate. | |||||
Auto Loan Calculation Formula and Instructions
Method 1: Net Purchase and Loan Amount
- Net price before tax = Auto Price - Cash Incentives - Down Payment - Trade-in Value + Amount Owed on Trade-in.
- Sales Tax = Net price x (Sales Tax % / 100).
- Loan Amount includes tax/fees only when "Include taxes and fees in loan" is YES.
Method 2: EMI
- EMI = P x r x (1+r)^n / ((1+r)^n - 1), where P=loan amount, r=monthly rate, n=months.
- If interest rate is 0, EMI = P / n.
Method 3: Totals
- Total Interest = sum of monthly interest in amortization schedule.
- Total Payment = Loan Amount + Total Interest.
- Total Auto Cost = Auto Price + Total Interest + Sales Tax + Fees.