Auto loans and leases, by state

What a financed or leased car actually costs out the door — the sales tax your state really charges, the fees it does and doesn't cap, and what the payment does to what you can borrow for a house. Every figure sourced and dated. No lead forms, no dealer referrals.

The rules that move the number aren't the ones you're quoted

In most states, trading a car in cuts the amount you pay sales tax on — but not in all of them, and where it doesn't, a $40,000 car with a $15,000 trade-in carries over a thousand dollars of extra tax. Because tax is normally financed, you pay interest on it for the life of the loan. 4 of the 50 states covered so far charge sales tax and decline to credit the trade-in against it. Leasing diverges further still: 8 of the covered states tax a lease's full value upfront rather than taxing each monthly payment, which is a different method, not a different rate. 5 charge no sales tax on a car at all, which is a different thing again from declining the trade-in credit. No mainstream auto calculator models any of it.

A car payment changes what house you can buy

An auto loan payment is a monthly debt, and monthly debts are what move your debt-to-income ratio. Price a car here and the figure carries across to the mortgage affordability calculator, which will show a lower maximum home price with the car payment named on screen as the reason. Most calculators refine a cost inside a payment; this one changes what you can buy at all.

Calculators for your state

Auto loan calculator

The real out-the-door number — including whether your state credits your trade-in against the sales tax.

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Auto lease calculator

Money factor, residual, and the payment — taxed by your state's actual method, since some states tax a lease's full value upfront instead of each payment.

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Lease vs. buy a car

The same car both ways over the same months, with the resale value credited to the buyer — the part most comparisons leave out.

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Calculators that don't depend on where you live

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Estimates only — not offers of credit, and not financial or legal advice. How we source every figure