US car payment calculator (all states)
Texas is one of the largest car markets in the United States, with new vehicle prices typically in the low-$40,000s to low-$50,000s in 2026 depending on class. Texas charges a flat 6.25% state vehicle sales tax, with local add-ons pushing the effective rate up to 8.25% in many areas — lower than California's rates. Typical auto loan rates for good-credit borrowers start around 5%–8%, with promotional dealer rates as low as 2.99% on select new models. The most common loan terms are 60–84 months. Texas offers no broad statewide EV rebate in 2026 — buyers rely on manufacturer incentives and any remaining local utility rebates. Note: federal EV purchase tax credits ended for vehicles acquired after September 30, 2025.
State: Texas (illustrative tax %, fees, and rate pre-filled — edit as needed)
Illustrative sales tax % varies by locality — confirm with your dealer. Not a financing offer.
Check your state's rate — varies 0% to 10%+.
Typically $800–$2,500 depending on state and dealer.
Monthly payment
$747.97
Out-the-door price: $49,313
Amount financed: $44,813
Total interest paid: $9,042
Total cost of vehicle: $58,354
Cost breakdown
| Vehicle price | $45,000 |
| Down payment | −$4,500 |
| Trade-in (net) | −$0 |
| Sales tax | +$2,813 |
| Title & fees | +$1,500 |
| Amount financed | $44,813 |
| Total interest | +$9,042 |
| Total cost | $58,354 |
| Credit score | New car (illustrative) | Used car (illustrative) |
|---|---|---|
| 781–850 (Exceptional) | 5.5–7% | 7–9% |
| 661–780 (Good) | 7–9% | 9–12% |
| 601–660 (Fair) | 9–13% | 12–17% |
| 501–600 (Poor) | 13–18% | 17–22% |
| 300–500 (Very Poor) | 18–25%+ | 22–29%+ |
Illustrative ranges only. Actual rates depend on lender, loan term, and your full credit profile.
| Tax Type | Rate | On $45,000 Vehicle |
|---|---|---|
| State vehicle sales tax | 6.25% | $2,813 |
| Local add-ons (typical) | 0%–2.0% | $0–$900 |
| Typical total | 6.25%–8.25% | $2,813–$3,713 |
Texas charges a flat 6.25% state vehicle sales tax on most vehicle purchases. Local county and city add-ons can push the effective rate up to 8.25% in areas like Houston and Dallas. On a $45,000 vehicle, the state tax alone is $2,813 — significantly less than California's $4,275 in Los Angeles. Private vehicle sales between individuals are taxed at a standard presumptive value (SPV) rate.
| Credit Profile | Typical APR | On $40,000 / 72 months |
|---|---|---|
| Excellent (750+) | 2.99%–5.99% | $590–$663/month |
| Good (680–749) | 5.99%–7.99% | $663–$703/month |
| Fair (600–679) | 7.99%–12.99% | $703–$790/month |
| Poor (below 600) | 12.99%–24.99% | $790–$1,040/month |
Texas offers no broad statewide EV rebate in 2026. Buyers rely on manufacturer incentives and local utility rebates from providers like Austin Energy or CPS Energy. Federal EV purchase tax credits ended for vehicles acquired after September 30, 2025. Despite no state EV subsidy, Texas ranks among the top states for EV adoption due to its large population, Tesla's Gigafactory near Austin, and growing charging infrastructure. Some Texas cities offer rebates or reduced registration fees for EVs through local utility programs.
| Term | Rate | Monthly Payment | Total Interest |
|---|---|---|---|
| 48 months | 6.25% | $1,063 | $3,024 |
| 60 months | 6.25% | $874 | $5,440 |
| 72 months | 6.25% | $747 | $8,784 |
| 84 months | 6.25% | $654 | $11,736 |
Illustrative principal & interest on amount financed — excludes tax and fees. Use the calculator above for your scenario.
Texas charges a flat 6.25% state vehicle sales tax. Local add-ons can push the effective rate up to 8.25% in cities like Houston and Dallas. On a $45,000 vehicle, state tax is $2,813. For private vehicle sales, Texas uses a Standard Presumptive Value (SPV) to prevent underreporting.
Car loan rates in Texas range from 2.99%–5.99% for excellent-credit borrowers with promotional financing to 5.99%–7.99% for good credit, and 12.99%–24.99% for poor credit. Texas has a large network of credit unions and community banks that often offer competitive rates.
Texas offers no broad statewide EV rebate in 2026. Some local utilities like Austin Energy and CPS Energy offer EV rebates or reduced rates. Federal EV purchase credits ended September 30, 2025. Buyers can still find manufacturer incentives and dealer discounts on EVs and hybrids.
Texas charges 6.25%–8.25% vehicle sales tax vs California's 7.25%–10.25%. On a $45,000 car in Texas, tax is approximately $2,813–$3,713. In Los Angeles, tax is approximately $4,275. Texas buyers save $500–$1,500 in sales tax compared to California buyers.
60–84 months are the most common car loan terms in Texas in 2026, with 72 months dominating dealer financing. A $40,000 loan at 6.25% over 72 months costs $747/month with $8,784 in total interest. Over 60 months, the same loan costs $874/month but only $5,440 in total interest.
Most Texas lenders prefer 650+ for standard approval. Scores of 720+ qualify for the best rates (2.99%–5.99%). Scores below 600 may qualify through subprime lenders at higher rates. Texas has a large number of buy-here-pay-here dealers for very low credit scores, though rates are significantly higher.
Educational estimates only. Not a loan offer.