EACH MONTH$565.13$5,638 in interest over 60 months
Sales tax$1,920
Financed$28,270
Total of payments$33,908
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The payment and the total cost, so you have them at the dealership.
How it works
- Sales tax is added to the price, and so are fees.
- Your down payment comes off, and so does your trade-in’s equity: its value minus what you still owe on it.
- What’s left is financed at your rate over the term.
- Total interest is everything you pay minus what you financed.
Shop the total, not the payment
A longer term makes the payment smaller and the total bigger. Look at both before you sign.
know your number before you walk in.
Turn the answer into a plan
In pinchd, every payment lands in the paycheck that pays it, and you tick it off as you go. No bank login, ever.
Questions
What if I owe more than my trade-in is worth?
That’s negative equity, and it gets added to the new loan. The calculator handles it: enter what you owe and what it’s worth.
Should I take a longer term for a lower payment?
Only if the payment is the thing you can’t move. Compare the total interest at each term first.
How accurate is this?
It’s an estimate from the numbers you enter. Real statements and rates vary a little.
Is this calculator free?
Yes. No sign-up. It’s in the pinchd app too, where the answer fits into your actual paychecks.