New Jersey Auto Loan Calculator
Calculate your car payment in New Jersey with 6.625% state sales tax. See monthly payment, total interest, and total cost.
How This Calculator Works
Calculation methodology and assumptions
Auto loan calculation for New Jersey. New Jersey's state sales tax of 6.625% 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
New Jersey auto buying facts: State sales tax 6.625%. Average car insurance in New Jersey: $1,920/year. On a $35,000 vehicle, New Jersey sales tax alone is $2,319.
Frequently Asked Questions
How much is sales tax on a car in New Jersey?
New Jersey's state sales tax rate is 6.625%. There is no additional local sales tax. On a $35,000 car, state sales tax is approximately $2,319.
What is the average car insurance cost in New Jersey?
The average annual car insurance premium in New Jersey is $1,920, or about $160/month. This is above the national average.