Auto Loan Calculator

https://www.vertex42.com/Calculators/auto-loan-calculator.html © 2007-2018 Vertex42 LLC

Purchase Price (before tax)

Sale Price + Options $ 20,000
Destination charge $ - Set to 0 if included in sale price
Title Transfer Fee $ - e.g. $10
Other Taxable Fees $ -
Purchase Price $ 20,000

State Sales Tax

Trade-In is Tax Deductible $ - If you don't know, set to FALSE
Cash Rebate is Tax Deductible $ - If you don't know, set to FALSE
State Sales Tax Rate 6.25% e.g. 6.25%
Net Taxable $ 20,000
State Sales (Excise) Tax $ 1,250.00

Non-Taxable Fees
Registration $ 40 e.g. $40 to $100
Late Registration Fee $ - e.g. $10 per month
Service Contract $ - e.g. $250 to $1000
Special Plate Fee $ - e.g. $25
Administration Fee $ 3 e.g. $3
Transaction Fee $ 3 e.g. $3
Late Title Transfer Fee $ - e.g. $25 to $200
Duplicate Title Fee $ - e.g. $25
Other Non-Taxable Fees $ -
Total Non-Taxable Fees $ 46

Loan Amount

Unpaid Loan Balance on Trade-In $ -

Less Down Payment $ -

Less Value of Trade-In $ -
Less Cash Rebate $ -

Total Loan Amount $ 21,296

https://www.vertex42.com/Calculators/auto-loan-calculator.html © 2007 Vertex42 LLC

 Auto Loan Payment Calculator
https://www.vertex42.com/Calculators/auto-loan-calculator.html © 2007-2018 Vertex42 LLC

Inputs Effect of Extra Payments

Auto Loan Amount $ 20,000 Total Payments $ 22,728.62
Annual Interest Rate 8.50% Total Interest $ 2,728.62
Term of Loan in Years 3 Reduced Interest None
First Payment Date 1/1/2007 Number of Payments 36
Frequency of Payment Monthly Last Payment Date 12/1/2009

25,000 Balance
Summary (with no extra payments)
20,000 No Extra Payments
Number of Payments 36 15,000
Rate (per period) 0.708% 10,000

Payment (per period) $631.35 5,000

0
Total Interest $2,728.63

3/1/2007

7/1/2007

1/1/2008

5/1/2008
7/1/2008

3/1/2009

7/1/2009
1/1/2007

5/1/2007

9/1/2007

3/1/2008

9/1/2008

1/1/2009

5/1/2009

9/1/2009
11/1/...

11/1/...
11/1/...
Total Payments $22,728.63
.

Additional
No. Due Date Payment Due Payment Interest Principal Balance
$20,000.00
1 1/1/2007 631.35 0.00 141.67 489.68 19,510.32
2 2/1/2007 631.35 0.00 138.20 493.15 19,017.17
3 3/1/2007 631.35 0.00 134.70 496.65 18,520.52
4 4/1/2007 631.35 0.00 131.19 500.16 18,020.36
5 5/1/2007 631.35 0.00 127.64 503.71 17,516.65
6 6/1/2007 631.35 0.00 124.08 507.27 17,009.38
7 7/1/2007 631.35 0.00 120.48 510.87 16,498.51
8 8/1/2007 631.35 0.00 116.86 514.49 15,984.02
9 9/1/2007 631.35 0.00 113.22 518.13 15,465.89
10 10/1/2007 631.35 0.00 109.55 521.80 14,944.09
11 11/1/2007 631.35 0.00 105.85 525.50 14,418.59
12 12/1/2007 631.35 0.00 102.13 529.22 13,889.37
13 1/1/2008 631.35 0.00 98.38 532.97 13,356.40
14 2/1/2008 631.35 0.00 94.61 536.74 12,819.66
15 3/1/2008 631.35 0.00 90.81 540.54 12,279.12
16 4/1/2008 631.35 0.00 86.98 544.37 11,734.75
17 5/1/2008 631.35 0.00 83.12 548.23 11,186.52
18 6/1/2008 631.35 0.00 79.24 552.11 10,634.41
19 7/1/2008 631.35 0.00 75.33 556.02 10,078.39
20 8/1/2008 631.35 0.00 71.39 559.96 9,518.43
21 9/1/2008 631.35 0.00 67.42 563.93 8,954.50
22 10/1/2008 631.35 0.00 63.43 567.92 8,386.58
23 11/1/2008 631.35 0.00 59.40 571.95 7,814.63
24 12/1/2008 631.35 0.00 55.35 576.00 7,238.63
25 1/1/2009 631.35 0.00 51.27 580.08 6,658.55
26 2/1/2009 631.35 0.00 47.16 584.19 6,074.36
27 3/1/2009 631.35 0.00 43.03 588.32 5,486.04
28 4/1/2009 631.35 0.00 38.86 592.49 4,893.55
29 5/1/2009 631.35 0.00 34.66 596.69 4,296.86
30 6/1/2009 631.35 0.00 30.44 600.91 3,695.95
31 7/1/2009 631.35 0.00 26.18 605.17 3,090.78

© 2007 Vertex42 LLC https://www.vertex42.com/Calculators/auto-loan-calculator.html 2 of 10

 Additional
No. Due Date Payment Due Payment Interest Principal Balance
32 8/1/2009 631.35 0.00 21.89 609.46 2,481.32
33 9/1/2009 631.35 0.00 17.58 613.77 1,867.55
34 10/1/2009 631.35 0.00 13.23 618.12 1,249.43
35 11/1/2009 631.35 0.00 8.85 622.50 626.93
36 12/1/2009 631.37 0.00 4.44 626.93 0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
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0.00
0.00
0.00
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0.00
0.00
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0.00
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0.00
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0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

© 2007 Vertex42 LLC https://www.vertex42.com/Calculators/auto-loan-calculator.html 3 of 10

 Additional
No. Due Date Payment Due Payment Interest Principal Balance
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
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0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

© 2007 Vertex42 LLC https://www.vertex42.com/Calculators/auto-loan-calculator.html 4 of 10

 Additional
No. Due Date Payment Due Payment Interest Principal Balance
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Ending Balance:
[42]

© 2007 Vertex42 LLC https://www.vertex42.com/Calculators/auto-loan-calculator.html 5 of 10

 Using This Worksheet
This spreadsheet creates a payment
schedule for a fixed-rate auto loan, with
optional extra payments. Use the
spreadsheet to compare different terms,
rates, and loan amounts. The spreadsheet
allows complete flexibility in how you make
additional payments.

Use the AutoLoanCalculator worksheet to

figure out the Auto Loan Amount.

The payment is rounded to the nearest cent.

The last payment is adjusted to bring the
balance to zero.

© 2007 Vertex42 LLC https://www.vertex42.com/Calculators/auto-loan-calculator.html 6 of 10

 Auto Loan Payment & Interest Comparisons
https://www.vertex42.com/Calculators/auto-loan-calculator.html © 2007-2018 Vertex42 LLC

Auto Loan Amount $ 20,000 Term of Loan in Years 3

Annual Interest Rate 8.50% Frequency of Payment Monthly

Annual Total 660 Payment 3,500

Interest Rate Total Paid Payment Interest Total Interest
640 3,000
2.00% 20,622.60 572.85 622.60 620 2,500
3.00% 20,938.32 581.62 938.32
600 2,000
4.00% 21,257.28 590.48 1,257.28
5.00% 21,579.12 599.42 1,579.12 580 1,500
6.00% 21,903.84 608.44 1,903.84 560 1,000
7.00% 22,231.44 617.54 2,231.44
540 500
8.00% 22,562.28 626.73 2,562.28 Annual Interest Rate
9.00% 22,895.64 635.99 2,895.64 520 0

3.00%

4.00%

5.00%

6.00%

7.00%

9.00%
2.00%

8.00%

10.00%
10.00% 23,232.24 645.34 3,232.24

# of Total 2,000 Payment 6,000

Payments Total Paid Payment Interest 1,800 Total Interest
6 20,498.76 3,416.46 498.76 1,600
5,000
12 20,932.80 1,744.40 932.80
1,400
18 21,372.66 1,187.37 1,372.66 4,000
1,200
24 21,818.64 909.11 1,818.64
1,000 3,000
30 22,270.80 742.36 2,270.80
36 22,728.60 631.35 2,728.60 800
2,000
42 23,192.40 552.20 3,192.40 600
48 23,662.56 492.97 3,662.56 400
1,000
54 24,138.00 447.00 4,138.00 200
Number of Payments
60 24,619.80 410.33 4,619.80 0 0
66 25,107.72 380.42 5,107.72 12 18 24 30 36 42 48 54 60 66 72
72 25,601.04 355.57 5,601.04

Down Loan Total 700 Payment 3,000

Payment Amount Payment Interest 600 Total Interest
2,500
$0.00 20,000.00 631.35 2,728.60 500
2,000
$1,000.00 19,000.00 599.78 2,592.08 400
$2,000.00 18,000.00 568.22 2,455.92 300
1,500
$3,000.00 17,000.00 536.65 2,319.40 1,000
200
$4,000.00 16,000.00 505.08 2,182.88
100 500
$5,000.00 15,000.00 473.51 2,046.36 Down Payment
0 0
$3,000...

$4,000...
$1,000...

$2,000...

$5,000...

[42]
$0.00

# of Total
2,500 Payment 2,900
Frequency Payments Payment Interest
Total Interest 2,850
Annually 3 7,830.78 3,492.34 2,000
2,800
Semi-Annually 6 3,846.35 3,078.10 1,500 [42]
Quarterly 12 1,905.74 2,868.88 2,750
1,000
Bi-Monthly 18 1,266.60 2,798.80 2,700
500
Monthly 36 631.35 2,728.60 Payment Frequency
2,650
Semi-Monthly 72 315.19 2,693.68 0 2,600
Bi-Weekly 78 290.91 2,690.98
Monthly
Quarterly

Bi-Monthly

Semi-Monthly

Bi-Weekly

https://www.vertex42.com/Calculators/auto-loan-calculator.html © 2007 Vertex42 LLC

HELP
https://www.vertex42.com/Calculators/auto-loan-calculator.html © 2007-2018 Vertex42 LLC

Getting Started
General help information for how to use each calculator is provided on the right side of
each worksheet. Specific help information for cells is provided via cell comments.

Additional Help
The link at the top of this worksheet will take you to the web page on vertex42.com that
talks about this template.

REFERENCES

SEE ALSO Vertex42.com: Loan Amortization Schedule

SEE ALSO Vertex42.com: Personal Budget Spreadsheet

TIPS Vertex42.com: Spreadsheet Tips Workbook

07-2018 Vertex42 LLC
Auto Loan Calculator

By Vertex42.com
https://www.vertex42.com/Calculators/auto-loan-calculator.html

© 2007-2018 Vertex42 LLC

This spreadsheet, including all worksheets and associated content is a

copyrighted work under the United States and other copyright laws.

Do not submit copies or modifications of this template to any website or online

template gallery.

Please review the following license agreement to learn how you may or may not
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Do not delete this worksheet