To use, enter values for the Vehicle Price, Trade-In Value, Trade-In Payoff, Down Payment, Loan Length in Months, and the Interest Rate (e.g. 7.25), and then click the Calculate button. The values for the State Tax, Local Tax, State Single Article Tax, Total Taxes and Monthly Payment will be calculated and displayed. The Monthly Payment does not include the taxes. Clicking the Reset button will clear entered values. Please enter only numeric values (no commas), using decimal points where needed. Non-numeric values will cause errors.

The results of this loan payment calculator are for comparison purposes only. The estimate does not include tags, title, and registration. The estimate will be a close approximation of actual loan repayments, if the terms entered are available from a financial institution. This is being provided for you to plan your next loan application.

Description Data Entry Description Data Output
Vehicle Price TN State Tax
Trade-In Value TN State Single Article Tax
Trade-In Payoff Anderson County Local Tax
Down Payment Total Taxes
Loan Length in Months Monthly Payment
Interest Rate

Under Tenn. Code Ann. Section 67-6-702(d) of the state’s Sales and Use Tax law, the local option tax is limited to the first $1,600 of the cost to purchase or use a single article of tangible personal property. On July 15, 2002, Public Chapter 856 imposed an additional 2.75% rate on the amount in excess of $1,600, up to $3,200.