NY Car Loan Calculator with Tax Payment Included

Days to First Payment:

How are car loans in New York calculated?

Car buyers get tax breaks for trade vehicles in New York.

However, NY does not exclude extended warranties from the tax payment in an auto loan.

The exact tax rate may vary by location. See our manual car tax calculator, and use the override option to fine tune the car payment calculator.

Principal vs Interest

Tax vs Tags

Principal vs Interest

Tax vs Tags

Cost Breakdown

Tax
New York 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 value $.

Tags
New York DMV fees are about $ on a $ vehicle based on a flat fee that fluctuates depending on vehicle weight and number of cylinders.

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

All data based on your calculation.

Verbal Equation

The car payment with tax is $.

The payment is based on a net price of $, which equals the sale price of $ minus the rebate of $. The trade vehicle value is $, and after a trade loan payoff of $, the equity of $ applies to the vehicle purchase.

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

Adjust numbers in calculator.

Notes

The documentation fee is set by the dealer, but is not negotiable so expect it on the purchase agreement. The standard doc fee of $75 is the maximum allowed by the State of New York.

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

The gap insurance charge of $ is not taxed in New York.

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NY Car Loan Calculator with Tax Payment Included

Principal vs Interest

Tax vs Tags

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