Car Loan Calculator Detailed for Iowa

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Calculate by State >  Iowa 

How are car loans in Iowa calculated?

Iowa includes the sale price in the taxable amount of an auto loan but does not include the trade-in value nor the rebate.

Therefore, car buyers get a tax break on trade-in vehicles and rebates in Iowa.

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Cost Breakdown

In our calculation, the taxable amount is $ which equals the sale price of $ minus the trade-in value of $ minus the rebate of $.

The equivalent of sales tax in Iowa is called a "One Time Registration Fee" that is charged in addition to standard registration fees.

Standard MVD fees are about $ on a $ vehicle and are calculated from a percentage of the vehicle’s value added to a weight fee.

Click "Tools" then "Dealer Inquiry" then "Fee Estimator" on the Iowa State Quote Tool to verify your registration cost, and use the MVD Override to adjust the calculator.

Consumer Advice

Prepaid maintenance plans are not taxed in Iowa and provide considerable savings over paying down the road. Include maintenance on the warranty line of the calculator for accurate handling.

The documentation fee is set by the dealer, but is not negotiable so expect to see it on the contract. The customary doc fee of $180 is the maximum allowed by the State of Iowa.

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's weight and value. Our required dealer documentation fee is $.

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