Car loan calculator: monthly payment with trade-in, sales tax and balloon

Work out a car, bike or truck loan payment with trade-in, down payment, sales tax, fees and an optional balloon payment, plus total interest and total cost.

Keep it one tap away for everyday use.

Bookmark Car loan?

Press Ctrl + D now. Your browser opens its own bookmark box, where you choose the name and folder.

  1. Price
  2. Payment
  3. Interest
  4. Total
Nothing is uploadedWorks offline once open

Works for a car, bike, scooter or truck: just use that vehicle's price. A balloon is a lump sum you still owe at the end of the term (common in leases and "balloon" finance); it lowers the payment but you must pay it, refinance it or hand the vehicle back.

Not financial or tax advice. Sales tax rules differ by state, province and country, so check your own tax office. Lenders may round differently; use their quote for the final figure. Nothing you type leaves this page.

What it does

Enter the price of the vehicle, what you get for your trade-in, your down payment, the sales tax and fees, then the interest rate and length of the loan. You see the monthly payment, the total interest and the full cost of the vehicle.

It works the same for a car, a bike, a scooter or a truck. To compare offers from two dealers or banks use loan comparison, to work out the tax on its own use sales tax, and fuel cost adds the running costs to the picture.

How to use it

  1. Type the price, trade-in and down payment.
  2. Enter the sales tax percent and fees, and say whether tax is on the price minus the trade-in.
  3. Enter the rate and the number of months. Add a balloon if your finance has one.
  4. Read the payment and totals.

What each setting does

  • Tax on price minus trade-in: the trade-in lowers the taxed amount when ticked. Untick if you are taxed on the full price.
  • Add the fees to the loan: financed fees are charged interest; unticked, you pay them in cash.
  • Balloon: a lump sum due at the end, as a percent of the price. It lowers the payment, but you still owe it.

Worked example

A 30,000 car, trade-in 5,000, down payment 2,000, tax 8% on the price minus the trade-in (2,000), fees 500 added to the loan. You borrow 25,500. At 6% for 60 months the payment is 492.99, and the interest is about 4,079.

FAQs

Is a longer loan better? It lowers the payment but costs more interest, and you may owe more than the vehicle is worth for longer.

What if I still owe money on my trade-in? Subtract it from the trade-in value (a negative number works), since it must be paid off.

Is the rate the same as APR? The rate here is the loan’s interest rate. Fees can make the APR higher; compare offers with loan comparison.

Not financial or tax advice.

Where the numbers come from

  • Payment: the standard level-payment formula; with a balloon, the balloon is discounted at the loan rate and taken off what the payments repay.
  • Sales tax rules differ: in many US states and some Canadian provinces tax applies to the price minus the trade-in, elsewhere to the full price. Check your own state, provincial or national tax office and the dealer's quote. Drawings are fibub's own.

Standard scientific values, such as constants, atomic weights and melting points, are facts found in every textbook; we name where ours were checked. If you are an author or publisher and want a value, a credit or a table changed or removed, tell us and we will act quickly.

Last updated 2026-11-10.

Change log for Car loan

  1. Vehicles: own shelf by vehicle type, country pages, ?c= country preset Details on GitHub
  2. Money > Cars, bikes and trucks subject with five sections; car tools move into it Details on GitHub
  3. Add loan comparison, car loan, card payoff and debt-to-income tools (#1744-#1747) Details on GitHub

Every change to fibub

Related tools

Loan payoff planner #T11 Plan extra payments on a home, car or personal loan, as lump sums or regular top-ups, and see the interest you save and how much sooner you're debt-free. Fuel cost #T752 Work out what a drive will cost in fuel, split it between passengers, and convert fuel economy between L/100 km, km/L, US mpg and UK mpg. Sales tax #T765 Add tax to a price or take it out of a tax-inclusive total: Canada GST/HST/PST/QST by province, US state plus local sales tax, UK VAT, India GST with the CGST/SGST or IGST split, and Gulf VAT. Loan comparison #T778 Put up to four loan offers side by side with their monthly payment, total cost and APR including fees, and convert a flat rate to a reducing rate. EV vs petrol #T814 Compare an electric car, a petrol car and a hybrid over the years you keep it: price, incentives, energy, upkeep, insurance, resale, break-even and rough CO2. Lease or buy #T816 Compare a car lease with a loan purchase over the lease term: what you pay, what you still owe, the car's value left and the net cost of each. On-road price #T890 Turn an ex-showroom or sticker price into the full on-road (out-the-door) price for a car or two-wheeler in India, Canada or the US, itemised, with the loan you need after the down payment. Car depreciation #T894 See the value of a car, two-wheeler or truck after each year with a fixed yearly percent or an editable typical curve, adjusted for the km you drive, with a table, chart and loss per km. Car affordability #T895 Find the most you can spend on a car from your income with the 20/4/10 rule: 20% down, a loan of 4 years at most, and total car costs under 10% of your gross income. All numbers editable. VIN check #T909 Type a 17-character VIN to check its characters and check digit, and read the maker region, the model year and the plant code. Works offline, with no lookups. Used car checklist #T910 A printable used vehicle inspection checklist: papers, body, engine, tyres, interior, test drive and after the drive. Mark OK or Problem, add notes, see a score and red flags, print or save a PDF.