Car Loan Calculator

New York Auto Loan Calculator

Your monthly payment and total cost for a car bought in New York, with the 4% state tax and New York'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

$643.73

for 60 months at 6.5% APR

Vehicle price
$35,000
Amount financed
$32,900
Sales tax
$1,400
Due at signing
$5,000
Total of payments
$38,624
Total interest
$5,724
Total cost of the car
$43,624
Car (after rebates): $35,000Interest: $5,724Tax & fees: $2,900
  • Car (after rebates)$35,00080%
  • Interest$5,72413%
  • Tax & fees$2,9007%

Compare loan terms

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

TermMonthlyInterestTotal cost
36 mo (3 yr) $1,008.35 $3,401 $41,301
48 mo (4 yr) $780.22 $4,551 $42,451
60 mo (5 yr) $643.73 $5,724 $43,624
72 mo (6 yr) $553.05 $6,919 $44,819
84 mo (7 yr) $488.55 $8,138 $46,038

Payment schedule

YearPaymentPrincipalInterestBalance
1$7,724.72$5,755.68$1,969.04$27,144.32
2$7,724.72$6,141.15$1,583.57$21,003.17
3$7,724.72$6,552.43$1,172.28$14,450.74
4$7,724.72$6,991.26$733.45$7,459.48
5$7,724.72$7,459.48$265.24$0.00
Show all 60 monthly payments
MonthPaymentPrincipalInterestBalance
1$643.73$465.52$178.21$32,434.48
2$643.73$468.04$175.69$31,966.44
3$643.73$470.57$173.15$31,495.87
4$643.73$473.12$170.60$31,022.74
5$643.73$475.69$168.04$30,547.06
6$643.73$478.26$165.46$30,068.79
7$643.73$480.85$162.87$29,587.94
8$643.73$483.46$160.27$29,104.48
9$643.73$486.08$157.65$28,618.41
10$643.73$488.71$155.02$28,129.70
11$643.73$491.36$152.37$27,638.34
12$643.73$494.02$149.71$27,144.32
13$643.73$496.69$147.03$26,647.63
14$643.73$499.38$144.34$26,148.24
15$643.73$502.09$141.64$25,646.15
16$643.73$504.81$138.92$25,141.34
17$643.73$507.54$136.18$24,633.80
18$643.73$510.29$133.43$24,123.50
19$643.73$513.06$130.67$23,610.45
20$643.73$515.84$127.89$23,094.61
21$643.73$518.63$125.10$22,575.98
22$643.73$521.44$122.29$22,054.54
23$643.73$524.26$119.46$21,530.28
24$643.73$527.10$116.62$21,003.17
25$643.73$529.96$113.77$20,473.21
26$643.73$532.83$110.90$19,940.38
27$643.73$535.72$108.01$19,404.67
28$643.73$538.62$105.11$18,866.05
29$643.73$541.54$102.19$18,324.51
30$643.73$544.47$99.26$17,780.05
31$643.73$547.42$96.31$17,232.63
32$643.73$550.38$93.34$16,682.25
33$643.73$553.36$90.36$16,128.88
34$643.73$556.36$87.36$15,572.52
35$643.73$559.38$84.35$15,013.14
36$643.73$562.41$81.32$14,450.74
37$643.73$565.45$78.27$13,885.29
38$643.73$568.51$75.21$13,316.77
39$643.73$571.59$72.13$12,745.18
40$643.73$574.69$69.04$12,170.49
41$643.73$577.80$65.92$11,592.69
42$643.73$580.93$62.79$11,011.75
43$643.73$584.08$59.65$10,427.68
44$643.73$587.24$56.48$9,840.43
45$643.73$590.42$53.30$9,250.01
46$643.73$593.62$50.10$8,656.39
47$643.73$596.84$46.89$8,059.55
48$643.73$600.07$43.66$7,459.48
49$643.73$603.32$40.41$6,856.16
50$643.73$606.59$37.14$6,249.57
51$643.73$609.87$33.85$5,639.69
52$643.73$613.18$30.55$5,026.52
53$643.73$616.50$27.23$4,410.02
54$643.73$619.84$23.89$3,790.18
55$643.73$623.20$20.53$3,166.98
56$643.73$626.57$17.15$2,540.41
57$643.73$629.97$13.76$1,910.45
58$643.73$633.38$10.35$1,277.07
59$643.73$636.81$6.92$640.26
60$643.73$640.26$3.47$0.00

How New York taxes car purchases

State vehicle tax rate
4%
Trade-in lowers the tax
Yes
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.

New York charges 4% at the state level. Local sales tax where you live adds more. That rate is higher than 7 states and lower than 39 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 New York

New York's state rate on vehicles is 4%, but the local sales tax where you live is added, and in most of the state the combined rate is about double the state rate. The local rate is based on your address, not where the dealer is.

Trade-ins are excluded from the taxable amount, so trading in at the dealer lowers the tax. Look up the combined rate for your county, or New York City if you live there, and enter that total in the calculator.

Does New York tax your trade-in?

No. New York only taxes the difference between the new car's price and your trade-in. On a $35,000 car with a $10,000 trade-in, you'd pay $1,000.00 in state tax instead of $1,400.00, a saving of $400.00. That saving is worth counting when you compare a dealer's trade-in offer with selling the car yourself.

Example: a car loan in New York

A $35,000 car with $5,000 down, $1,500 in fees, and a 60-month loan at 6.5% APR ($1,400.00 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 New York 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