New York Auto Loan Calculator
Calculate your car payment in New York with 4% state sales tax (up to 8.9% with local). See monthly payment, total interest, and total cost.
How This Calculator Works
Calculation methodology and assumptions
Auto loan calculation for New York. New York's state sales tax of 4% is applied to the vehicle price minus trade-in value. Local taxes may add up to 4.875% more. Monthly payment uses standard amortization: P × [r(1+r)^n] / [(1+r)^n - 1].
Key State Information
New York auto buying facts: State sales tax 4%, up to 4.875% additional local tax. Average car insurance in New York: $2,340/year. On a $35,000 vehicle, New York sales tax alone is $1,400.
Frequently Asked Questions
How much is sales tax on a car in New York?
New York's state sales tax rate is 4%. Local jurisdictions can add up to 4.875% more, for a maximum combined rate of 8.9%. On a $35,000 car, state sales tax is approximately $1,400.
What is the average car insurance cost in New York?
The average annual car insurance premium in New York is $2,340, or about $195/month. This is above the national average.