Car Loan Calculator Detailed for New York

Calculate by State >  New York 

How are car loans in New York calculated?

New York 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 New York.

The exact tax rate may vary for your location. See our manual car tax calculator, and use the override option to fine tune your auto loan quote.

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Cost Breakdown

In our calculation, the taxable amount is $ which equals the sale price of $ plus the doc fee of $ plus the extended warranty cost of $ minus the trade-in value $.

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 your registration cost, and use the DMV Override to adjust the calculator.

Consumer Advice

The documentation fee is set by the dealer, but is not negotiable so expect it on your 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.

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 vehicle weight. Our required dealer documentation fee is $.

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