Calculated result
Enter values and select Calculate.
Auto loan formula
Estimated amount financed = price + estimated tax + fees − down payment − (trade value − trade payoff). The fixed monthly payment uses the standard amortization formula; at 0% APR it is amount financed ÷ months.
Example: a $35,000 vehicle with $5,000 down, $8,000 positive trade equity, 7% tax after the trade credit, $500 fees, 6.5% APR, and 60 months finances $24,250.
Trade equity and tax assumptions
A payoff larger than the trade value is negative equity and increases the amount financed. Sales-tax treatment varies by jurisdiction, so choose whether this estimate taxes the full vehicle price or the price after a positive trade credit.
Limits and interpretation
The estimate assumes one fixed APR, equal monthly payments, a 1–120 month term, and fees financed at closing. It does not include changing taxes, dealer add-ons, lender fees, rebates, insurance, late payments, or early payoff.
This educational estimate is not a lender quote, approval, affordability recommendation, legal advice, tax advice, or financial advice.