Loans & Debt
Car Loan calculator
Plan auto financing with trade-in, down payment, and sales tax.
Your inputs
$
$
$
%
%
Results
Monthly payment
$650.23
Amount financed
$32,450
Sales tax
$2,450
Total of payments
$39,014
Total interest
$6,564
Breakdown
Total: $41,464
Where your dollars go
0%25%50%75%100%
- Principal$32,45078.3%
- Interest$6,56415.8%
- Sales tax$2,4505.9%
Decision Engine
Should you go for this?
This car fits comfortably in your budget.
Good Car to Finance
Financial fit score95/100
Payment / income
13.0%
Target ≤ 15%
Down payment
14.3%
Target ≥ 20%
Term
5 years
≤ 5 yrs ideal
Working in your favor
- Payment is 13.0% of income — within the 15% safety zone.
- 5-year term keeps total interest low.
Next steps
- Add another $2,000 down to hit 20% and avoid negative equity.
AI Insight
Personalized analysis from your numbers
Tap Generate for an AI-written breakdown of what your numbers mean, plus tailored next steps.
Share link
About this calculator
What the Car Loan calculator does
Car Loan Calculator helps you plan auto financing with trade-in, down payment, and sales tax. It runs entirely in your browser — your inputs are never sent to a server.
How to use it
- Enter your details: Vehicle price, Down payment, Trade-in value, Sales tax, APR, Loan term (years).
- Results update instantly as you type — no submit button needed.
- Tap an info icon next to any field for guidance on what to enter.
- Use the Share button to save a permalink that restores your exact inputs.
- Tap Generate on the AI Insight card for a personalized written breakdown.
Tips & context
- Try a few scenarios — adjust one input at a time to see its impact.
- Save useful scenarios to your dashboard for later comparison.
- Pair this with other Loans & Debt calculators for a fuller picture.
FAQ
Frequently asked
Is this calculator free?+
Yes — every CortexCalculator tool is free, requires no signup, and runs locally in your browser.
Is my data private?+
Absolutely. Inputs stay on your device. Only anonymous AI Insight requests (when you tap Generate) leave the page.
How accurate are the results?+
We use standard financial formulas and refresh tax rates annually. Treat outputs as planning estimates, not professional advice.