Used Car Loan Calculator

This calculator prices a used car loan from the out-the-door number rather than the sticker. You enter the asking price, your down payment and trade-in, the sales tax rate, the dealer doc and registration fees, the rate and the term, and it returns the monthly payment, the amount actually financed, the total interest and what the car costs you in cash overall. Sales tax is applied to the price less the trade-in, which is how most states handle it, so check your own rules if yours does not. The second mode takes an amount financed and a rate and shows the payment and total interest at 36, 48, 60 and 72 months, which is the trade-off a dealer is really offering when they stretch the term.