Comprehensive source of free auto loan and auto financing calculators
Advice Corner
An auto lease can be a complex transaction. Understanding Automobile Leases and Auto Lease Terms can help you negotiation the best auto lease.
CalculatorPlus.com provides a list of useful Tips on Lease negotiation.
Successful negotiation of auto leases requires comparing auto lease terms. CalculatorPlus.com provides helpful advice for Automobile Leases - Comparing Lease Offers.
Auto Loan Payments
Auto financing/Car Financing:
Use this online auto loan 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 down payments can impact your monthly auto loan payment. You can also examine your complete amortization schedule by clicking on the "View Report" button.
Auto Loan Payments - 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 auto loan.
Interest rate - Annual interest rate for this auto 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 auto 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.