Auto loan
with trade-in
A trade-in lowers the amount you finance, but only by its actual equity: trade-in value minus any remaining loan on the old car.
Positive equity
If the trade is worth more than the old loan, the difference reduces the new loan. The calculator has a trade-in field for this.
Negative equity
If the old loan is larger than the trade value, the difference is rolled into the new loan. That raises the payment and can leave you upside down longer.
Tax treatment varies
Some states credit the trade-in value against sales tax. The calculator uses a simple tax rate on the vehicle price, so check your state's rule.
FAQ
Does the calculator include trade-in?
Yes. Enter the trade-in value; it is subtracted before the loan amount is calculated.
What is negative equity?
When the old loan balance is higher than the trade-in value, the difference is added to the new loan.
Estimate only; not a loan offer or financial advice.