Car Loan Calculator Detailed for Connecticut

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How are car loans in Connecticut calculated?

Connecticut includes extended warranties and doc fees in the taxable amount of an auto loan but does not include the trade-in value.

Therefore, car buyers get a tax break for trade-in vehicles in Connecticut.

The tax rate increases from 6.35% to 7.75% on vehicles priced over $50,000.

Principal vs Interest

Cost Breakdown

Tax
Connecticut car tax is $ at % based on an amount of $ combined from the sale price of $ plus the doc fee of $ plus the extended warranty cost of $ minus the trade-in value of $.

Tags
Connecticut DMV fees are about $ on a $ vehicle based on a flat fee that fluctuates depending on vehicle type and usage.

View the Connecticut state fee schedule to verify your registration cost, and use the DMV Override to adjust the calculator.

All data based on your calculation.

Dealer Quote

Thank you for considering our dealership for your new vehicle! I can offer you a net price of $ which equals the dealer sale price of $ minus the factory rebate of $.

I can purchase your trade vehicle for $, payoff your loan up to $, and apply the balance of $ to this purchase. The estimated tax and registration combined is $, but this may vary based on your vehicle type and intended usage. Our required dealer documentation fee is $.

Adjust quote numbers in calculator.

Consumer Notes

The documentation fee is set by the dealer, but is not negotiable so expect it on your purchase agreement. The customary doc fee is $495 but may differ as there is no maximum set by the State of Connecticut.

Prepaid maintenance is taxable in Connecticut and can be included on the warranty line of the calculator for accurate handling.

The gap insurance charge of $ is not taxed in Connecticut.

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Car Loan Calculator Detailed for Connecticut

Principal vs Interest

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