Car Loan Calculator

Tennessee Auto Loan Calculator

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

Tennessee charges 7% at the state level. Local tax on the first $1,600 and a state single-article tax of up to $44 add a little more. 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 Tennessee

Tennessee's 7% state rate applies to the price after your trade-in, and the extra taxes work differently. The local tax applies only to the first $1,600 of the price, and the state single-article tax adds at most $44, so together they add less than $100 to a car purchase.

For the calculator, 7% plus a small fixed amount in the fees field gives an accurate total. You don't need to add your full local sales tax rate.

Does Tennessee tax your trade-in?

No. Tennessee 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 Tennessee

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 Tennessee 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