Car Loan Calculator Detailed for Virginia

Calculate by State >  Virginia 

How are car loans in Virginia calculated?

Virginia charges sales tax during auto loans on the full sale price plus the dealer documentation fee without credit for trade-in vehicles nor rebates.

However, GAP insurance, extended warranties, and prepaid maintenance plans are not included in the taxable amount of the auto loan.

Therefore, car buyers get a tax break on prepaid service plans in Virginia.

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Cost Breakdown

In our calculation, the taxable amount is $ which equals the sale price of $ plus the doc fee of $.

The minimum sales tax is $75.

DMV fees are about $ on a $ vehicle based on a $15 title fee plus a $45.75 reg fee that varies by vehicle type and weight.

View the Virginia state fee chart to verify your registration cost, and use our DMV Override to adjust the calculator.

Consumer Advice

Cost of car ownership in Virginia appears low compared to other states, however localities levy a yearly vehicle property tax due prior to plate renewal.

EV surcharges are levied to offset declining fuel tax revenue. Add $64 to the DMV fees for electric vehicles.

Prepaid maintenance can be included on the warranty line of the auto loan calculator for accurate handling.

The documentation fee is determined by the dealer, but is not negotiable so expect to see it on the contract. The customary doc fee is $595, but may vary because there is no maximum set by the State of Virginia.

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 depending on vehicle type and weight. Our required dealer documentation fee is $.

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