# What will my ATV loan cost?

Computes the monthly payment, total interest, payoff date, and full payment schedule of a fixed-rate loan for the ATV.

- Page: https://www.acalculator.org/finance/atv-loan-calculator
- JSON spec: https://www.acalculator.org/finance/atv-loan-calculator.json
- Version: d2cba11d2f13

## Default answer

Example with the default inputs (Price of the ATV $12,000.00, Cash down $1,500.00, Trade-in value $0.00, Interest rate (APR) 8%, Loan start date October 5, 2026, Length of loan (months) 60, Sales tax rate 0%, Dealer and registration fees $0.00, Roll tax and fees into the loan Yes, Extra each month $0.00) on the example date Monday, October 5, 2026: Borrowing $10,500.00 at 8% APR over 60 months costs $212.90 a month, with $2,274.13 of interest in total.

## Inputs

| Key | Label | Description |
| --- | --- | --- |
| price | Price of the ATV | The price of the ATV before tax and fees. |
| down | Cash down | The cash you pay up front, which lowers the amount you borrow. |
| trade | Trade-in value | What the dealer pays for your current vehicle. It lowers the amount you borrow and the taxed price. |
| rate | Interest rate (APR) | The yearly interest rate of the loan. The monthly rate is this divided by 12. |
| start | Loan start date | The day the loan starts. The first payment is one month later. Leave it empty to number the payments without dates. |
| term | Length of loan (months) | The number of monthly payments, from 1 to 120. |
| tax | Sales tax rate | The sales tax rate, charged on the price minus the trade-in value. |
| fees | Dealer and registration fees | Fees and add-ons charged on top of the price, for example documentation and registration. |
| taxin | Roll tax and fees into the loan | When on, the sales tax and fees are borrowed. When off, you pay them up front. |
| extra | Extra each month | An extra amount paid with every payment. It goes straight to the balance. |

## Outputs

| Key | Label | Description |
| --- | --- | --- |
| payment | Your monthly payment | The level monthly payment that repays the loan over its length, without extra payments. |
| payments | Number of payments | How many monthly payments it takes to repay the loan, with any extra payments. |
| payoff | Paid off in | The month of the last payment, when a start date is given. |
| each | You pay each month | The monthly payment plus any extra amount. The last payment is whatever is left, so it can be smaller. |
| span | Payments last | How many months of payments it takes to repay the loan, with any extra payments. |
| amount | Loan | The amount borrowed: price minus cash down and trade-in, plus tax and fees when rolled in. |
| interest | Interest | All the interest paid over the life of the loan. |
| paid | Total you’ll repay | The amount borrowed plus all the interest. |
| upfront | Paid up front | Cash down, plus the sales tax and fees when they are not rolled into the loan. |
| cost | What the ATV really costs | The price plus sales tax, fees, and all the interest. |
| saved | Interest saved by paying extra | The interest the extra monthly amount saves, compared with no extra payments. |
| sooner | Months saved by paying extra | How many months sooner the loan is paid off with the extra monthly amount. |

## Method

payment = L × r ÷ (1 − (1 + r)^−n), with L the amount borrowed, r the APR ÷ 12, and n the number of months; each month, interest = balance × r and the rest of the payment lowers the balance.

## Assumptions

- The rate is fixed for the whole loan and interest is charged monthly at APR ÷ 12.
- Payments are made at the end of each month, starting one month after the start date.
- Sales tax is charged on the price minus the trade-in value, as most US states do.
- Extra payments go straight to the balance; the last payment is whatever is left.
- Values are not rounded to the cent between months; only the display is rounded.

## Worked examples

1. price = $12,000.00, down = $1,500.00, trade = $0.00, rate = 8%, term = 60, start = 2026-10-01 gives amount = $10,500.00, payment = $212.90, interest = $2,274.13, payoff = 2031-10-01. Source: Consumer Financial Protection Bureau, What is amortization and how could it affect my auto loan? https://www.consumerfinance.gov/ask-cfpb/what-is-amortization-and-how-could-it-affect-my-auto-loan-en-771/ (retrieved 2026-10-05).
2. price = $15,000.00, down = $2,000.00, trade = $3,000.00, rate = 9.5%, term = 48, tax = 6%, start = 2026-10-01 gives amount = $10,720.00, payment = $269.32, interest = $2,207.36. Source: Consumer Financial Protection Bureau, What is amortization and how could it affect my auto loan? https://www.consumerfinance.gov/ask-cfpb/what-is-amortization-and-how-could-it-affect-my-auto-loan-en-771/ (retrieved 2026-10-05).
3. price = $9,000.00, down = $0.00, trade = $0.00, rate = 0%, term = 36, start = 2026-10-01 gives payment = $250.00, interest = $0.00, paid = $9,000.00. Source: Consumer Financial Protection Bureau, What is amortization and how could it affect my auto loan? https://www.consumerfinance.gov/ask-cfpb/what-is-amortization-and-how-could-it-affect-my-auto-loan-en-771/ (retrieved 2026-10-05).

## FAQ

### How is an ATV loan payment worked out?

It is a level monthly payment: payment = L × r ÷ (1 − (1 + r)^−n), where L is the amount borrowed, r is the APR ÷ 12 and n is the number of months. $10,500 at 8% over 60 months is $212.90 a month.

### What does the amount borrowed include?

The price minus your cash down and trade-in. Sales tax and fees are added to the loan when "Roll tax and fees into the loan" is on, or paid up front when it is off.

### How does a trade-in change the sales tax?

Most US states charge sales tax on the price minus the trade-in value, so a $3,000 trade-in on a $15,000 ATV leaves $12,000 taxed. Check your state’s rule.

### Does a longer loan save money?

No. A longer loan lowers the monthly payment but adds interest. At 8% on $10,500, 60 months costs $2,274 of interest; 36 months costs about $1,345.

### Can I pay my ATV loan off early?

Many loans let you prepay without a penalty, but some do not. Check your loan contract. Use the extra monthly amount to see the interest and months you would save.

### Is an ATV loan secured?

Often it is, by the ATV itself, like a car loan; some lenders offer unsecured personal loans instead, usually at a higher rate. Type the APR you are offered.

## Sources

- Consumer Financial Protection Bureau, What is amortization and how could it affect my auto loan? https://www.consumerfinance.gov/ask-cfpb/what-is-amortization-and-how-could-it-affect-my-auto-loan-en-771/ (retrieved 2026-10-05)
- Consumer Financial Protection Bureau, Can I prepay my loan at any time without penalty? https://www.consumerfinance.gov/ask-cfpb/can-i-prepay-my-loan-at-any-time-without-penalty-en-843/ (retrieved 2026-10-05)