Car Loan Calculator Detailed for Iowa

Days to First Payment:

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.

Principal vs Interest

Verbal Equation

Principal vs Interest

Tax vs Tags

Cost Breakdown

Tax
Iowa car tax is $ at % based on an amount of $ combined from 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.

Get more info on our car tax page.

Tags
Iowa 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.

Get more tag info on our DMV cost page.

All data based on your calculation.

Verbal Equation

The net price of $ equals the sale price of $ minus the rebate of $. The trade‑in vehicle value is $, and after a trade‑in loan payoff of $, the balance of $ applies to the vehicle purchase.

The estimated tax and registration combined is $, but this may vary based on vehicle type and intended usage. The documentation fee is $.

Adjust numbers in calculator.

Notes

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.

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Car Loan Calculator Detailed for Iowa

Principal vs Interest

Tax vs Tags

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