Do the car loan payment calculators calculate interest of the car?

Amount owed on tradeTotal loan balance still outstanding on the trade-in. Sales tax rateSales tax percentage rate charged on this purchase. Dealer financingThe incentive interest rate you may be able to receive from an auto manufacturer.

These rates are usually significantly below standard auto loan interest rates. Low interest financing can be as little as 0% per year. Most manufacturers allow you to choose either low interest dealer financing or a manufacturer rebate, but not both.

This calculator assumes that if you choose dealer financing you are not eligible for any manufacturer rebate. Manufacturer rebateA cash rebate paid by the auto manufacturer to you when you purchase a new vehicle. Most manufacturers allow you to choose either low interest financing or a manufacturer rebate, but not both.

This calculator assumes that if you choose dealer financing you are not eligible for any manufacturer rebate. Credit union financingThe interest rate you may be able to receive from a credit union. This is usually a higher interest rate than the manufacturer's dealer financing, but is often very competitive when used in combination with a manufacturer rebate.

This calculator assumes that if you choose a manufacturer rebate you are not eligible for manufacturer or dealer low interest financing. No sales tax deduction for trade-inIf you live in a state where your sales tax is calculated on your full purchase price check this box. If this box is unchecked sales tax is calculated on the purchase price less trade-in.

Columbia, Hawaii, Maryland and Michigan allow no deductions for trade-ins when calculating sales tax. In addition, Alaska, Delaware, Montana, New Hampshire, and Oregon have no sales tax on autos. Calculate sales tax before rebate Some states will calculate sales tax on your purchase price before a manufacturer's rebate is applied.

If your state calculates sales tax on the vehicle price before the rebate is applied, check this box.