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A title for these calculator results that will help you identify it if you have printed out several versions of the calculator.
The maximum auto loan payment you can make each month.
The sales tax percentage you will pay on this purchase.
Sticker price add-on charges to be financed with your auto loan. These may include license plates, vehicle registration, luxury tax, extended warranty policy, dealer prep charges, or destination charges, etc.
Any cash amount you plan to apply as a down payment to reduce your loan or lease amount.
Any vehicle trade-in amount you plan to apply as a down payment to reduce your loan or lease amount.
Any dealer (or manufacturer) rebate or matching down payment amount you plan to apply as a down payment to reduce your loan or lease amount.
The total down payment amount you plan to apply to your purchase to reduce the loan amount.
The annual percentage rate you will pay for this loan.
How long you will pay on this loan. Also choose whether 'Length of Loan' is years or months.
You should be looking at vehicles priced this amount or less to keep payments at or below 'Maximum Monthly Payment'.
Your total auto loan amount once 'Sales Tax' and 'Other Financed Charges' are added and 'Total Down Payments' is subtracted.
The amount of sales tax you will pay on this purchase.
The number of payments you will make to pay off the loan.
The amount of money you will pay each year for this loan.
Cash Down Payment + Trade-In + Dealer Rebate
$4,000.00 = $1,000.00 + $2,500.00 + $500.00
(Loan Amount + Total Down Payments - Other Charges) / (1 + Sales Tax Percent)
$24,808.69 = $22,780.14 + $4,000.00 - $700.00) / (1 + 5.1250%)
Payment * (1 - (1 + (Rate / 12))-Months) / (Rate / 12)
$22,780.14 = $450.00 * (1 - (1 + (0.0690 / 12))-60 / (0.0690 / 12)
Maximum Vehicle Price * Sales Tax Percent
$1,271.45 = $24,808.69 * 5.1250%
Length of Loan in Months
Monthly Payment * 12
$5,400.00 = $450.00 * 12