Auto Loan / Purchase Calculator
calculate_auto_loanExact auto loan payment calculator for vehicle purchases. Computes monthly payment, total interest, total cost, and upfront cash for financed purchases, or the all-in cost for cash purchases. Useful together with calculate_auto_lease for lease-versus-buy comparisons.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| rate | No | Annual loan rate percentage (required for finance) | |
| term | No | Loan term in months (required for finance) | |
| salesTax | No | Upfront sales tax amount in dollars (not a percentage) | |
| downPayment | No | ||
| vehiclePrice | Yes | Out-the-door vehicle price in dollars | |
| tradeInCredit | No | Trade-in equity applied in dollars | |
| purchaseMethod | No | Default 'finance' |