The New Jersey auto loan calculator estimate for a $35,000 new car with $3,500 down, financed over 60 months at today's MonitorBankRates New Jersey average new auto loan APR of 5.33% with the New Jersey vehicle sales tax of 6.63% and $300 in fees added to the loan, is a monthly car payment of about $649, or about $776 a month with the average New Jersey car insurance premium included, verified by MonitorBankRates as of November 10, 2026.
Lenders serving New Jersey currently advertise auto loan APRs from 2.50% to 3.49% across the 5 offers listed below. This calculator finances what a New Jersey dealer actually finances: the price minus your down payment and trade in, plus New Jersey sales tax and fees. The APR is today's MonitorBankRates New Jersey average; switch to used with one click or apply a verified lender APR from the panel below. The same loan at the New Jersey used car average of 5.91% costs about $658 a month.
New Jersey Car Payment Estimator
Prefilled with the MonitorBankRates New Jersey average APR, the New Jersey sales tax rate and average insurance. Results update as you type.
Where the amount financed comes from
| Vehicle price | $0 |
| New Jersey sales tax | $0 |
| Title, registration and fees | $0 |
| Down payment | $0 |
| Trade in | $0 |
| Amount financed | $0 |
Loan balance over time
Amortization schedule (yearly totals)
| Year | Principal Paid | Interest Paid | Ending Balance |
|---|
Current New Jersey Average Auto Loan Rates
Today's MonitorBankRates New Jersey averages first, then the lowest verified new and used offers from lenders serving New Jersey. Click any APR to run it through the calculator.
Auto Loan Offers in New Jersey and the Payment on a $35,000 Car
Monthly payment on the example loan ($34,119 financed after $3,500 down, New Jersey tax and fees) at each lender's advertised APR and term, from rate sheets published by the lender and verified by MonitorBankRates.
- Local 1233 Federal Credit UnionAuto Loan, verified Nov 7, 20262.50% APR$606 a month over 60 months
- Polish And Slavic Federal Credit UnionNew Auto Loan - 1 year, verified Nov 7, 20262.99% APR$613 a month over 60 months
- ILA Local 1235 Federal Credit UnionNew Auto - 100% Dealer Invoice, verified Nov 7, 20262.99% APR$613 a month over 60 months
- American Airlines Federal Credit UnionNew Auto, verified Nov 7, 20263.34% APR$618 a month over 60 months
- Wakefern Federal Credit UnionNew Car Loan, verified Nov 7, 20263.49% APR$621 a month over 60 months
Compare every new and used auto loan, local banks and credit unions first, on the New Jersey auto loan rates page.
View Your New Jersey Auto Loan Rate
Personalized auto loan offers from lenders serving New Jersey.
What a Car Loan Costs in New Jersey Right Now
| $35,000 new car, $3,500 down, New Jersey tax and fees: $34,119 financed at the MonitorBankRates New Jersey average of 5.33% | Monthly | Total interest |
|---|---|---|
| 36 months | $1,028 | $2,875 |
| 48 months | $791 | $3,841 |
| 60 months | $649 | $4,822 |
| 72 months | $555 | $5,820 |
| 84 months | $488 | $6,833 |
New Jersey sales tax adds $2,319 to a $35,000 car, which at 5.33% over 60 months is about $44 of the monthly payment. Because New Jersey taxes the price after the trade in, trading in a $10,000 car at the dealer saves $663 in tax compared with selling it privately. The New Jersey average APR of 5.33% is below the U.S. average of 6.00%. Add the average New Jersey car insurance premium of $127 a month and the car costs about $776 a month to keep on the road before fuel and maintenance, which is 9.0% of the New Jersey median household income of $103,556. Rates change daily; every figure on this page is recalculated when it loads from the current MonitorBankRates New Jersey average.
Car Payments by Price in New Jersey
10% down, New Jersey sales tax of 6.63% and $300 in fees financed, 60 months at the MonitorBankRates New Jersey averages for new (5.33%) and used (5.91%) cars.
| Price | Down | New Jersey tax | Amount financed | New car payment | Used car payment |
|---|---|---|---|---|---|
| $15,000 | $1,500 | $994 | $14,794 | $281 | $285 |
| $25,000 | $2,500 | $1,656 | $24,456 | $465 | $472 |
| $35,000 | $3,500 | $2,319 | $34,119 | $649 | $658 |
| $45,000 | $4,500 | $2,981 | $43,781 | $833 | $845 |
| $60,000 | $6,000 | $3,975 | $58,275 | $1,109 | $1,124 |
Car Payment Budgets in New Jersey's Largest Cities
What a car payment looks like against each city's median household income. The 10% guideline caps the payment at a tenth of monthly take-home; the loan column is what that payment finances over 60 months at the MonitorBankRates New Jersey new car average of 5.33%, before insurance, which averages about $127 a month in New Jersey. Open a city's rates page for verified lender APRs.
| City | Median household income | 10% payment guideline | Loan it finances (60 months) |
|---|---|---|---|
| Newark auto loan rates | $52,060 | $434 a month | $22,800 |
| Jersey City auto loan rates | $97,710 | $814 a month | $42,800 |
| Paterson auto loan rates | $55,997 | $467 a month | $24,600 |
| Elizabeth auto loan rates | $66,555 | $555 a month | $29,200 |
| Lakewood auto loan rates | $56,968 | $475 a month | $25,000 |
| Woodbridge auto loan rates | $104,926 | $874 a month | $45,900 |
| Toms River auto loan rates | $100,137 | $834 a month | $43,800 |
| Trenton auto loan rates | $52,537 | $438 a month | $23,000 |
For example, the median Newark household ($52,060 a year) lands at about $434 a month under the 10% guideline, which is the payment on the $35,000 example above only with a larger down payment or a longer term. Auto loan rates are set by your credit score and the lender, not by city, so the same New Jersey average applies in every row.
Buying a Car in New Jersey: Tax, Fees and Insurance
Sales tax. State rate of 6.625%. Dealers add the tax to the amount financed unless you pay it at signing, so it costs interest for the life of the loan.
Trade in. In New Jersey the trade in value is subtracted before tax is figured, so a $10,000 trade in saves $663 in tax on top of lowering the loan.
Fees. Title, registration and plate fees are set by the New Jersey motor vehicle agency and vary by vehicle; dealer documentation fees are set by the dealer and run from about $100 to more than $800 depending on the state. The calculator uses $300 as a placeholder; replace it with the figures on your buyer's order.
Insurance. The average New Jersey car insurance premium is about $1,523 a year, or $127 a month, according to the NAIC, compared with about $1,258 nationally. Lenders require full coverage on a financed car, so budget for it alongside the payment. Compare carriers on the New Jersey car insurance page.
How to Use the New Jersey Auto Loan Calculator
- Start from the New Jersey defaults
The APR is today's MonitorBankRates New Jersey average, the sales tax is the New Jersey vehicle rate and the insurance line is the state average. Switch to used with one click.
- Enter the deal
Type the negotiated price, your down payment and trade in, and the fees from the buyer's order. Add your local tax rate if your county or city charges more than the state rate.
- Click a verified lender APR
The panel lists the lowest current new and used offers from lenders serving New Jersey. One click applies that APR and term.
- Read the full monthly cost
The large figure is the loan payment. Payment plus insurance shows what the car costs each month to keep on the road.
Frequently Asked Questions About Car Loans in New Jersey
What is the average auto loan rate in New Jersey today?
The MonitorBankRates New Jersey average new auto loan APR is 5.33% as of November 10, 2026, and the average used auto loan APR is 5.91%, computed every day from rates published by banks and credit unions lending in New Jersey. Individual lenders currently advertise APRs from 2.50% to 3.49% for borrowers with strong credit; compare offers on the New Jersey auto loan rates page.
How much is the car payment on a $35,000 car in New Jersey?
With $3,500 down, New Jersey sales tax of 6.63% and $300 in fees, the amount financed is $34,119. At the MonitorBankRates New Jersey average new auto loan APR of 5.33% that is about $649 a month over 60 months, $791 over 48 months, or $555 over 72 months.
What is the sales tax on a car in New Jersey?
State rate of 6.625%. On a $35,000 car the state rate of 6.63% comes to $2,319. The trade in value is subtracted before tax in New Jersey.
Does a trade in reduce sales tax in New Jersey?
Yes. New Jersey charges sales tax on the purchase price minus the trade in, so a $10,000 trade in saves $663 in tax at the 6.63% state rate in addition to lowering the loan.
How much is car insurance in New Jersey?
The NAIC average car insurance premium in New Jersey is about $1,523 a year, or $127 a month, compared with about $1,258 nationally. Full coverage is required on a financed car, so the calculator adds the premium to the payment: about $776 a month for the example car.
What loan term should I choose?
The shortest term whose payment fits. On the $34,119 example at 5.33%, 48 months costs $791 a month, 60 months $649, and 84 months $488. The 84 month loan pays about $2,011 more interest than the 60 month loan and leaves you owing more than the car is worth for years.
How much should I put down on a car in New Jersey?
At least 10% on a used car and 20% on a new one is the usual guidance. Twenty percent down on the $35,000 example, $7,000, cuts the payment by about $67 a month and reduces the time you owe more than the car is worth.
Auto Loan Calculators for Other States
Each state page starts from that state's MonitorBankRates average APR, vehicle sales tax rate and average car insurance cost. The national auto loan calculator compares the payment on the same car in every state.
