Financing Cost Per $1,000 Calculator

The price for a vehicle can easily change during negotiations. Features or warrantees can swing loans (up or down) by thousands. Calculating the cost-per-thousand dollars borrowed helps you quickly understand how those changes will impact your loan payments. Armed with that information you can better decide how to spend your money.

Of course a good place to start is with a budget estimate or an idea of loan payment in your price range. From there, you can use the Cost Per Thousand figure to deal with the unexpected.

A few things:

This calculates monthly loan payments per $1,000 borrowed.
Use to estimate changes to budget when negotiating price.
Use our budget calculator first if you need a starting point.
Remember, the price of the car is not the amount borrowed. Trade in, down payment, taxes and fees all impact your loan.

How the cost per $1k calculator can help you.

This is a great tool to help you quickly understand monthly loan payments for every thousand dollars you borrow to finance a car purchase.

Every state is different.

While the cost per $1,000 calculator helps you quickly calculate loan payments, be aware that you still need to account for state taxes and fees on top of the purchase price. Every state has its own taxes and fee structures, different rates and how they apply them. Some states have a sales tax, others don’t. In some states a vehicle trade-in reduces the amount of sales tax. Some states increase registration rates based on vehicle weight or fuel efficiency.

It’s quite complex which is why we recommend using the Auto Loan Calculator to give you an idea of additional expenses, and pairing it with the Cost Per Thousand calculation to help you refine as .