Car Loan Calculator

Maryland Auto Loan Calculator

Your monthly payment and total cost for a car bought in Maryland, with the 6.5% state tax and Maryland's trade-in rules already filled in.

What do you know?
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The negotiated price of the vehicle before rebates, taxes and fees.

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Get pre-approved by a bank or credit union to know your real rate before visiting the dealer.

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Manufacturer or dealer cash back. Some states tax the price before the rebate; pick your state to apply its rule.

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What the dealer will give you for your current car.

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Your current loan balance. If it is more than the trade-in value, the difference gets added to the new loan.

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Picking a state fills in the state rate. Add your county or city rate on top for a closer estimate.

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Doc fee, title, registration, plates and destination charge. Ask the dealer for an out-the-door price to see them all.

Monthly payment

$660.85

for 60 months at 6.5% APR

Vehicle price
$35,000
Amount financed
$33,775
Sales tax
$2,275
Due at signing
$5,000
Total of payments
$39,651
Total interest
$5,876
Total cost of the car
$44,651
Car (after rebates): $35,000Interest: $5,876Tax & fees: $3,775
  • Car (after rebates)$35,00078%
  • Interest$5,87613%
  • Tax & fees$3,7758%

Compare loan terms

Same car, same rate. Longer loans lower the payment but raise the total you pay.

TermMonthlyInterestTotal cost
36 mo (3 yr) $1,035.17 $3,491 $42,266
48 mo (4 yr) $800.97 $4,672 $43,447
60 mo (5 yr) $660.85 $5,876 $44,651
72 mo (6 yr) $567.76 $7,103 $45,878
84 mo (7 yr) $501.54 $8,354 $47,129

Payment schedule

YearPaymentPrincipalInterestBalance
1$7,930.16$5,908.76$2,021.40$27,866.24
2$7,930.16$6,304.48$1,625.68$21,561.77
3$7,930.16$6,726.70$1,203.46$14,835.07
4$7,930.16$7,177.20$752.96$7,657.87
5$7,930.16$7,657.87$272.29$0.00
Show all 60 monthly payments
MonthPaymentPrincipalInterestBalance
1$660.85$477.90$182.95$33,297.10
2$660.85$480.49$180.36$32,816.61
3$660.85$483.09$177.76$32,333.52
4$660.85$485.71$175.14$31,847.82
5$660.85$488.34$172.51$31,359.48
6$660.85$490.98$169.86$30,868.50
7$660.85$493.64$167.20$30,374.85
8$660.85$496.32$164.53$29,878.54
9$660.85$499.00$161.84$29,379.53
10$660.85$501.71$159.14$28,877.83
11$660.85$504.43$156.42$28,373.40
12$660.85$507.16$153.69$27,866.24
13$660.85$509.90$150.94$27,356.34
14$660.85$512.67$148.18$26,843.67
15$660.85$515.44$145.40$26,328.23
16$660.85$518.24$142.61$25,809.99
17$660.85$521.04$139.80$25,288.95
18$660.85$523.86$136.98$24,765.09
19$660.85$526.70$134.14$24,238.38
20$660.85$529.56$131.29$23,708.83
21$660.85$532.42$128.42$23,176.40
22$660.85$535.31$125.54$22,641.10
23$660.85$538.21$122.64$22,102.89
24$660.85$541.12$119.72$21,561.77
25$660.85$544.05$116.79$21,017.71
26$660.85$547.00$113.85$20,470.71
27$660.85$549.96$110.88$19,920.75
28$660.85$552.94$107.90$19,367.81
29$660.85$555.94$104.91$18,811.87
30$660.85$558.95$101.90$18,252.92
31$660.85$561.98$98.87$17,690.94
32$660.85$565.02$95.83$17,125.92
33$660.85$568.08$92.77$16,557.84
34$660.85$571.16$89.69$15,986.68
35$660.85$574.25$86.59$15,412.43
36$660.85$577.36$83.48$14,835.07
37$660.85$580.49$80.36$14,254.58
38$660.85$583.63$77.21$13,670.94
39$660.85$586.80$74.05$13,084.15
40$660.85$589.97$70.87$12,494.17
41$660.85$593.17$67.68$11,901.00
42$660.85$596.38$64.46$11,304.62
43$660.85$599.61$61.23$10,705.01
44$660.85$602.86$57.99$10,102.15
45$660.85$606.13$54.72$9,496.02
46$660.85$609.41$51.44$8,886.61
47$660.85$612.71$48.14$8,273.90
48$660.85$616.03$44.82$7,657.87
49$660.85$619.37$41.48$7,038.50
50$660.85$622.72$38.13$6,415.78
51$660.85$626.09$34.75$5,789.69
52$660.85$629.49$31.36$5,160.20
53$660.85$632.90$27.95$4,527.31
54$660.85$636.32$24.52$3,890.98
55$660.85$639.77$21.08$3,251.21
56$660.85$643.24$17.61$2,607.97
57$660.85$646.72$14.13$1,961.25
58$660.85$650.22$10.62$1,311.03
59$660.85$653.75$7.10$657.29
60$660.85$657.29$3.56$0.00

How Maryland taxes car purchases

State vehicle tax rate
6.5%
Trade-in lowers the tax
No
Tax cap
None
Source
Official source, checked 2026-10-05

These are the rules for a new car bought from a dealer. Used-car and private-sale rules can differ. How we check this data.

Maryland charges 6.5% at the state level. Vehicle excise (titling) tax. Trade-ins stopped reducing it on July 1, 2024. That rate is higher than 39 states and lower than 9 states. County and city taxes may add to it, so check your local rate and enter the total in the calculator.

What to know in Maryland

Maryland's vehicle excise tax is 6.5%, paid when the vehicle is titled. Until July 1, 2024, a trade-in reduced the taxable price, but a 2024 law repealed that allowance, so now you pay on the full price. Many older calculators and articles still describe the old rule.

The change costs Maryland buyers 6.5% of their trade-in's value: $975 on a $15,000 trade-in. Since the dealer's trade-in offer no longer comes with a tax break, compare it with offers from used-car buyers or a private sale.

Does Maryland tax your trade-in?

Yes. Maryland taxes the full price of the new car even when you trade one in. On a $35,000 car you'd pay $2,275.00 in state tax with or without a $10,000 trade-in. Because trading in gives you no tax break here, selling your old car privately is often worth more.

Example: a car loan in Maryland

A $35,000 car with $5,000 down, $1,500 in fees, and a 60-month loan at 6.5% APR ($2,275.00 state tax, rolled into the loan):

Change any number in the calculator above to see your own figures.

Rebates and fees

The calculator charges tax on the price before any manufacturer rebate. Ask the dealer how Maryland treats your specific rebate. Title, registration and dealer documentation fees vary, so ask for an itemized out-the-door price and put the fee total in the calculator.

Other states

States with similar vehicle tax rates:

Compare car sales tax in all 50 states and DC