Simple Car Finance Calculations


Edmunds breaks down the math of simple Car Finance Calculations which you can use to figure the sales tax, DMV Fees, and Auto Loan & Lease Payments on your next car purchase.
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If your tax rate is 8%, that's $1920.
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The amount of the credit the dealer gives to the purchaser for any motor
vehicle (or other tangible personal property) taken in trade, and accepted as
part payment on the purchase of a motor vehicle, may be deducted from the
taxable receipt amount, but only if the motor vehicle (or other property)
taken in trade is intended to be resold, even if to a scrap yard.
From here:
https://www.tax.ny.gov/pdf/publications/sales/pub838.pdf
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