Car Loan Calculator

Rhode Island Auto Loan Calculator

Your monthly payment and total cost for a car bought in Rhode Island, with the 7% state tax and Rhode Island'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

$664.27

for 60 months at 6.5% APR

Vehicle price
$35,000
Amount financed
$33,950
Sales tax
$2,450
Due at signing
$5,000
Total of payments
$39,856
Total interest
$5,906
Total cost of the car
$44,856
Car (after rebates): $35,000Interest: $5,906Tax & fees: $3,950
  • Car (after rebates)$35,00078%
  • Interest$5,90613%
  • Tax & fees$3,9509%

Compare loan terms

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

TermMonthlyInterestTotal cost
36 mo (3 yr) $1,040.53 $3,509 $42,459
48 mo (4 yr) $805.12 $4,696 $43,646
60 mo (5 yr) $664.27 $5,906 $44,856
72 mo (6 yr) $570.70 $7,140 $46,090
84 mo (7 yr) $504.14 $8,398 $47,348

Payment schedule

YearPaymentPrincipalInterestBalance
1$7,971.25$5,939.37$2,031.88$28,010.63
2$7,971.25$6,337.14$1,634.11$21,673.49
3$7,971.25$6,761.55$1,209.70$14,911.93
4$7,971.25$7,214.39$756.86$7,697.55
5$7,971.25$7,697.55$273.70$0.00
Show all 60 monthly payments
MonthPaymentPrincipalInterestBalance
1$664.27$480.37$183.90$33,469.63
2$664.27$482.98$181.29$32,986.65
3$664.27$485.59$178.68$32,501.06
4$664.27$488.22$176.05$32,012.83
5$664.27$490.87$173.40$31,521.96
6$664.27$493.53$170.74$31,028.44
7$664.27$496.20$168.07$30,532.24
8$664.27$498.89$165.38$30,033.35
9$664.27$501.59$162.68$29,531.76
10$664.27$504.31$159.96$29,027.45
11$664.27$507.04$157.23$28,520.41
12$664.27$509.79$154.49$28,010.63
13$664.27$512.55$151.72$27,498.08
14$664.27$515.32$148.95$26,982.76
15$664.27$518.11$146.16$26,464.64
16$664.27$520.92$143.35$25,943.72
17$664.27$523.74$140.53$25,419.98
18$664.27$526.58$137.69$24,893.40
19$664.27$529.43$134.84$24,363.97
20$664.27$532.30$131.97$23,831.67
21$664.27$535.18$129.09$23,296.49
22$664.27$538.08$126.19$22,758.41
23$664.27$541.00$123.27$22,217.41
24$664.27$543.93$120.34$21,673.49
25$664.27$546.87$117.40$21,126.61
26$664.27$549.83$114.44$20,576.78
27$664.27$552.81$111.46$20,023.97
28$664.27$555.81$108.46$19,468.16
29$664.27$558.82$105.45$18,909.34
30$664.27$561.85$102.43$18,347.49
31$664.27$564.89$99.38$17,782.61
32$664.27$567.95$96.32$17,214.66
33$664.27$571.02$93.25$16,643.63
34$664.27$574.12$90.15$16,069.52
35$664.27$577.23$87.04$15,492.29
36$664.27$580.35$83.92$14,911.93
37$664.27$583.50$80.77$14,328.44
38$664.27$586.66$77.61$13,741.78
39$664.27$589.84$74.43$13,151.94
40$664.27$593.03$71.24$12,558.91
41$664.27$596.24$68.03$11,962.67
42$664.27$599.47$64.80$11,363.19
43$664.27$602.72$61.55$10,760.47
44$664.27$605.98$58.29$10,154.49
45$664.27$609.27$55.00$9,545.22
46$664.27$612.57$51.70$8,932.65
47$664.27$615.89$48.39$8,316.77
48$664.27$619.22$45.05$7,697.55
49$664.27$622.58$41.70$7,074.97
50$664.27$625.95$38.32$6,449.02
51$664.27$629.34$34.93$5,819.68
52$664.27$632.75$31.52$5,186.94
53$664.27$636.17$28.10$4,550.76
54$664.27$639.62$24.65$3,911.14
55$664.27$643.09$21.19$3,268.06
56$664.27$646.57$17.70$2,621.49
57$664.27$650.07$14.20$1,971.42
58$664.27$653.59$10.68$1,317.82
59$664.27$657.13$7.14$660.69
60$664.27$660.69$3.58$0.00

How Rhode Island taxes car purchases

State vehicle tax rate
7%
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.

Rhode Island charges 7% at the state level. The trade-in credit applies when a passenger car is traded for a passenger car. That rate is higher than 46 states and lower than 1 state. County and city taxes may add to it, so check your local rate and enter the total in the calculator.

What to know in Rhode Island

Rhode Island's 7% sales tax has no local add-ons, so 7% is the full rate everywhere in the state.

The trade-in credit applies when you trade a passenger car for a passenger car. If you're trading in something else, such as a pickup or motorcycle, toward a car, ask the dealer whether it qualifies before you count on the tax saving.

Does Rhode Island tax your trade-in?

No. Rhode Island 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 $1,750.00 in state tax instead of $2,450.00, a saving of $700.00. That saving is worth counting when you compare a dealer's trade-in offer with selling the car yourself.

Example: a car loan in Rhode Island

A $35,000 car with $5,000 down, $1,500 in fees, and a 60-month loan at 6.5% APR ($2,450.00 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 Rhode Island 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