Tennessee Auto Loan Calculator
Calculate your car payment in Tennessee with 7% state sales tax (up to 9.8% with local). See monthly payment, total interest, and total cost.
How This Calculator Works
Calculation methodology and assumptions
Auto loan calculation for Tennessee. Tennessee's state sales tax of 7% is applied to the vehicle price minus trade-in value. Local taxes may add up to 2.75% more. Monthly payment uses standard amortization: P × [r(1+r)^n] / [(1+r)^n - 1].
Key State Information
Tennessee auto buying facts: State sales tax 7%, up to 2.75% additional local tax. Average car insurance in Tennessee: $1,640/year. On a $35,000 vehicle, Tennessee sales tax alone is $2,450.
Frequently Asked Questions
How much is sales tax on a car in Tennessee?
Tennessee's state sales tax rate is 7%. Local jurisdictions can add up to 2.75% more, for a maximum combined rate of 9.8%. On a $35,000 car, state sales tax is approximately $2,450.
What is the average car insurance cost in Tennessee?
The average annual car insurance premium in Tennessee is $1,640, or about $137/month. This is near the national average.