Auto Loan Calculator with Sales Tax
An auto loan calculator with sales tax helps car buyers estimate monthly payments including state sales tax.
Monthly Payment | Total Interest | Total Cost |
---|---|---|
$0.00 | $0.00 | $0.00 |
Calculation Formula
The auto loan formula with sales tax is: Monthly Payment = (P × r(1+r)^n) / ((1+r)^n - 1) Where P = (Loan Amount + (Loan Amount × Sales Tax)) - Down Payment r = Monthly Interest Rate (Annual Rate / 12 / 100) n = Number of Monthly Payments