Rhode Island Auto Loan Calculator
Calculate your car payment in Rhode Island with 7% state sales tax. See monthly payment, total interest, and total cost.
How This Calculator Works
Calculation methodology and assumptions
Auto loan calculation for Rhode Island. Rhode Island's state sales tax of 7% is applied to the vehicle price minus trade-in value. Local taxes may add up to 0% more. Monthly payment uses standard amortization: P × [r(1+r)^n] / [(1+r)^n - 1].
Key State Information
Rhode Island auto buying facts: State sales tax 7%. Average car insurance in Rhode Island: $1,740/year. On a $35,000 vehicle, Rhode Island sales tax alone is $2,450.
Frequently Asked Questions
How much is sales tax on a car in Rhode Island?
Rhode Island's state sales tax rate is 7%. There is no additional local sales tax. On a $35,000 car, state sales tax is approximately $2,450.
What is the average car insurance cost in Rhode Island?
The average annual car insurance premium in Rhode Island is $1,740, or about $145/month. This is near the national average.