Texas Auto Loan Calculator with Tax, Title, License

Days to First Payment:

How a TX Car Payment Calculator includes tax:

Texas includes the sale price and the doc fee in the taxable amount of an auto loan but excludes the trade-in value and the rebate.

Texas car buyers get a tax break on trade-in vehicles and rebates.

Extra Payment Amortization Calculator

Base Payment: $

Extra Payment: $ Total Payment = $

An extra payment of $ per month saves you $ in total bank interest.

It also makes your loan months shorter.

Original Finance Charge:
Updated Finance Charge:

Amortization Directions:

Adjust the base payment of the amortization calculator using the auto loan calculator.

Then change the extra payment amount to calculate your savings and see how it affects the amortization schedule.

How do I see my standard amortization schedule?

Enter $0 extra into the amortization calculator.

Do I pay more interest upfront?

Yes.

You pay $ in interest on your first payment and then less each month as the loan amount decreases.

This data changes with your adjustments.

Do extra payments go toward principal only?

Yes.

But double check! Some lenders give you the option to prepay monthly payments in case you want to skip a few when you go on vacation.

You may need to clarify how you want the extra to go toward principal only.

Tax vs Tags

Cost Breakdown

Tax
Texas car tax is $ at % based on an amount of $. This taxable value is combined from the sale price of $ plus the doc fee of $ minus the trade-in value of $ minus the rebate of $.

Tags
Texas DMV title and license fees are about $ on a $ vehicle based on $50.75 registration plus $30.50 titling plus a local fee that varies by county.

View the Texas registration fees schedule to verify your county surcharges, and use the DMV Override to adjust the calculator.

All data based on your calculation.

Verbal Equation

A car payment with Texas tax, title, and license included is $ at % APR for months on a loan amount of $.

The payment is based on a net vehicle price of $, plus Texas state fees, plus extended warranties. The net price comes from the sale price of $ minus the rebate of $.

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

The trade vehicle value is $, and after a trade loan payoff of $, the equity of $ applies to the vehicle purchase.

The doc fee is $.

Adjust numbers in calculator.

Notes

Prepaid maintenance plans are not taxed in Texas 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 determined by the dealer, but is not negotiable so clarify upfront what the dealer charges. The customary doc fee is $150 in Texas, but may differ because there is no limit set by the state.

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