How it works
Sales tax is added to the price, then your down payment and trade-in are subtracted to find the amount financed. The payment uses the standard amortization formula.
Frequently asked questions
Is a longer car loan a good idea?
Longer terms lower the monthly payment but cost more interest, and you may owe more than the car is worth for longer.
Is sales tax charged on the trade-in?
Many US states only tax the difference after a trade-in. Check your state's rules.