Car Payment and Affordability Calculator Help
Vehicle Price – This figure represents the vehicles sticker price or negotiated price, this is the price that the seller and buyer have agreed upon for purchase of the car. This figure does not include sales tax or the cost of financing the loan.
Monthly Payment –This figure represents the amount the borrower is responsible for on a monthly basis. When allocating a budget for a monthly auto loan payment, a purchaser should also consider auto insurance, repairs, maintenance, and fuel costs.
Down Payment – TThis figure represents the amount a purchaser is going to pay at the time of purchase. The higher the down payment amount, the lower the amount of interest the purchaser will pay over time.
Trade-In Value – This figure represents the value of your current vehicle, minus the amount you still owe on its loan, if any. To find your vehicles Trade-In Value simply select your vehicle from this page, and subtract any outstanding loan balances from that value.
Interest Rate – This is the rate at which you will have to pay back additional funds for the use of money lent to you. Interest Rates are calculated based off of borrower’s credit scores, and the amount of money being lent. To minimize the amount of interest paid, increase the amount of your down payment and increase your monthly payments when possible.
Loan Term – This is the amount of time a loans repayment is scheduled over. Typically a longer loan term means a buyer will have a lower monthly payment, but will pay more in interest over time.
Sales Tax – Depending on the state you are buying a new car or a used car in or even leasing it, you may have to pay state sales tax. Keep in mind trading in your existing car may reduce the taxable amount as well. Also, some states compute your sales tax before a rebate or incentive is applied to the purchase price and other states figure it afterwards.
– FICO® scores can impact the interest you pay on a loan. Below is an example set of FICO® scores and the respective APR. You can see that working to get your score in the higher ranges can mean more savings! Use the below FICO score table to better estimate the APR you will qualify for.
This tool provides estimated monthly payments and estimated APRs for illustrative purposes only. Actual price and payments may be different due to local rebates, specials, fees, and credit qualifications. Consult your dealer for actual price, payments, and complete details.
Pricing shown may exclude a document fee, destination/delivery charge, taxes, title, registration, service contracts, insurance or any outstanding prior credit balances. Optional equipment not included. Option pricing is based on the manufacturer's suggested retail price.
For purposes of calculating your monthly payment, the estimated Manufacturer’s Suggested Retail Price (MSRP) was used. Not all terms are available in all areas. Terms may vary based on creditworthiness.
The price shown is for qualified, eligible customers. Actual dealer price will vary.
Many variables, including current market conditions, your credit history and down payment will affect your monthly payment and other terms. See your local dealer for actual pricing, annual percentage rate (APR), monthly payment and other terms and special offers. Pricing and terms of any finance or lease transaction will be agreed upon by you and your dealer.
The estimated monthly payment is based upon the credit rating of 800.
An APR is the cost of your credit as a yearly rate. User APR Payment calculations are based an APR and term. The initial APR is provided for estimation purposes only and you may change it at any time. However, you may not be able to finance your vehicle at this rate. See your local dealer for details and actual available terms and conditions.
You may not be able to finance your vehicle at the rate provided.
Incentives and Rebates
Incentive and finance offers shown may not be available to all customers. Incentives lists are examples of offers available at the time of posting and are subject to change.
Not all incentives can be redeemed together. To take advantage of rebates, incentives and/or financing offers you may be required to take new retail delivery from dealer stock by the expiration date noted.
The "Net Trade-in" is an estimate only and many factors that cannot be assessed without a physical inspection of the vehicle may affect actual value. NADAguides is not responsible for and does not guarantee the \"Net Trade-in\" information. Please see your local dealer for information regarding actual trade-in availability and value.
Your ZIP Code helps us calculate your payments and offers.
Photos, Pictures and Vehicle Images
Images shown may not necessarily represent the actual vehicle used to calculate the estimate. Vehicles shown may have optional equipment at additional cost.