Method
How it works
Sales tax is calculated from vehicle price. Down payment and trade-in value are then subtracted from price plus tax to determine the amount financed.
The financed amount is amortised using the entered annual rate and term. Total vehicle cost combines upfront amounts and scheduled payments; registration, insurance, dealer fees and trade-in debt are not included.
Common questions
Frequently asked questions
Does a trade-in reduce the amount financed?
Yes. The entered trade-in value is subtracted along with the down payment.
Is sales tax calculated before the down payment?
Yes. This formula applies the tax rate to vehicle price, then subtracts down payment and trade-in.
Are dealer fees and insurance included?
No. Only the displayed price, tax, down payment, trade-in, rate and term inputs are used.
Not financial advice. This calculator is for general informational purposes only. Check figures independently before making financial decisions.