LoanMath

Loan Calculator with Trade In and Taxes

Include sales tax in the financed amount.

Your figures stay on your computer — no server, no tracking, no registration
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Try: Car price=28000, Down payment=2000, Trade-in value=5000, Sales tax=7, APR=5.9, Term=5 → $28,000, $2,000, $5,000, $1,960, $22,960, $443

How to use

Sales tax is often rolled into the loan. The financed amount becomes price − down − trade-in + tax, so the payment reflects the real out-the-door cost.

Formula

Loan = price − down − trade-in + price × tax%.

FAQ

Should I pay tax out of pocket?

If you can, you finance less and pay less interest.

Tax on trade-in?

Many states tax only the net price after trade-in.

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