Calculator
Car Loan Total Cost Calculator
The sticker price is only part of what you pay. This tool adds sales tax and the common fees to get the out-the-door price, then works out the amount financed, the monthly payment, and the total cost of the loan.
The lowest rates are only available to the most qualified applicants.
Advertising disclosure: AutoLoanable may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. Read the full disclosure.
Enter your numbers and press Calculate. Nothing you type leaves your browser.
How this calculator works
The sticker price is not what you pay. Sales tax, a documentation fee, a title fee, and a registration fee all sit on top, and the loan adds interest.
out-the-door = price + tax on (price − trade-in) + doc fee + title fee + registration fee
financed = out-the-door − down payment − trade-in, and payment = P × i ÷ (1 − (1 + i)^-n)
- P — the amount financed
- i — the monthly rate, the annual rate divided by 1,200
- n — the number of monthly payments
Total cost adds the down payment, the trade-in, and every payment. It does not include insurance, fuel, or maintenance. Enter the tax and fee figures from your own deal.
What changes your result
Only a few inputs move the number materially. In rough order of impact:
| Input | Effect on the payment | Effect on total cost |
|---|---|---|
| Amount financed | Directly proportional | Directly proportional |
| Interest rate / APR | Directly proportional | Directly proportional |
| Term (months) | Lower payment when longer | Higher total interest when longer |
| Down payment | Lowers the payment | Lowers total interest |
| Trade-in equity | Lowers the amount financed | Lowers total interest |
| Sales tax and fees | Raises the amount financed | Raises total cost |
Enter the rate you were actually offered. This site is not a lender and does not publish rates — a quoted rate is only meaningful next to the term and the amount financed.