The Rhode Island auto loan calculator estimate for a $35,000 new car with $3,500 down, financed over 60 months at today's MonitorBankRates Rhode Island average new auto loan APR of 6.10% with the Rhode Island vehicle sales tax of 7.00% and $300 in fees added to the loan, is a monthly car payment of about $664, or about $795 a month with the average Rhode Island car insurance premium included, verified by MonitorBankRates as of September 24, 2026.
Lenders serving Rhode Island currently advertise auto loan APRs from 4.49% to 5.20% across the 5 offers listed below. This calculator finances what a Rhode Island dealer actually finances: the price minus your down payment and trade in, plus Rhode Island sales tax and fees. The APR is today's MonitorBankRates Rhode Island average; switch to used with one click or apply a verified lender APR from the panel below. The same loan at the Rhode Island used car average of 6.59% costs about $672 a month.
Rhode Island Car Payment Estimator
Prefilled with the MonitorBankRates Rhode Island average APR, the Rhode Island sales tax rate and average insurance. Results update as you type.
Where the amount financed comes from
| Vehicle price | $0 |
| Rhode Island 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 Rhode Island Average Auto Loan Rates
Today's MonitorBankRates Rhode Island averages first, then the lowest verified new and used offers from lenders serving Rhode Island. Click any APR to run it through the calculator.
Auto Loan Offers in Rhode Island and the Payment on a $35,000 Car
Monthly payment on the example loan ($34,250 financed after $3,500 down, Rhode Island tax and fees) at each lender's advertised APR and term, from rate sheets published by the lender and verified by MonitorBankRates.
- Cranston Municipal Employees Credit UnionNew Vehicles Only Loan4.49% APR$638 a month over 60 months
- Wave Federal Credit UnionNew Auto4.49% APR$638 a month over 60 months
- BrightBridge Credit UnionAuto Loan - Model Years 2026 - 20214.74% APR$642 a month over 60 months
- Blackstone River Federal Credit UnionNew Auto4.75% APR$642 a month over 60 months
- The Peoples Credit Union2022-2025 Auto Loan5.20% APR$649 a month over 60 months
Compare every new and used auto loan, local banks and credit unions first, on the Rhode Island auto loan rates page.
View Your Rhode Island Auto Loan Rate
Personalized auto loan offers from lenders serving Rhode Island.
What a Car Loan Costs in Rhode Island Right Now
| $35,000 new car, $3,500 down, Rhode Island tax and fees: $34,250 financed at the MonitorBankRates Rhode Island average of 6.10% | Monthly | Total interest |
|---|---|---|
| 36 months | $1,044 | $3,316 |
| 48 months | $806 | $4,435 |
| 60 months | $664 | $5,575 |
| 72 months | $569 | $6,735 |
| 84 months | $502 | $7,917 |
Rhode Island sales tax adds $2,450 to a $35,000 car, which at 6.10% over 60 months is about $47 of the monthly payment. Because Rhode Island taxes the price after the trade in, trading in a $10,000 car at the dealer saves $700 in tax compared with selling it privately. The Rhode Island average APR of 6.10% is above the U.S. average of 5.88%. Add the average Rhode Island car insurance premium of $131 a month and the car costs about $795 a month to keep on the road before fuel and maintenance, which is 10.9% of the Rhode Island median household income of $87,796. Rates change daily; every figure on this page is recalculated when it loads from the current MonitorBankRates Rhode Island average.
Car Payments by Price in Rhode Island
10% down, Rhode Island sales tax of 7.00% and $300 in fees financed, 60 months at the MonitorBankRates Rhode Island averages for new (6.10%) and used (6.59%) cars.
| Price | Down | Rhode Island tax | Amount financed | New car payment | Used car payment |
|---|---|---|---|---|---|
| $15,000 | $1,500 | $1,050 | $14,850 | $288 | $291 |
| $25,000 | $2,500 | $1,750 | $24,550 | $476 | $481 |
| $35,000 | $3,500 | $2,450 | $34,250 | $664 | $672 |
| $45,000 | $4,500 | $3,150 | $43,950 | $852 | $862 |
| $60,000 | $6,000 | $4,200 | $58,500 | $1,134 | $1,147 |
Buying a Car in Rhode Island: Tax, Fees and Insurance
Sales tax. State rate of 7%. 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 Rhode Island the trade in value is subtracted before tax is figured, so a $10,000 trade in saves $700 in tax on top of lowering the loan.
Fees. Title, registration and plate fees are set by the Rhode Island 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 Rhode Island car insurance premium is about $1,574 a year, or $131 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 Rhode Island car insurance page.
How to Use the Rhode Island Auto Loan Calculator
- Start from the Rhode Island defaults
The APR is today's MonitorBankRates Rhode Island average, the sales tax is the Rhode Island 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 Rhode Island. 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 Rhode Island
What is the average auto loan rate in Rhode Island today?
The MonitorBankRates Rhode Island average new auto loan APR is 6.10% as of September 24, 2026, and the average used auto loan APR is 6.59%, computed every day from rates published by banks and credit unions lending in Rhode Island. Individual lenders currently advertise APRs from 4.49% to 5.20% for borrowers with strong credit; compare offers on the Rhode Island auto loan rates page.
How much is the car payment on a $35,000 car in Rhode Island?
With $3,500 down, Rhode Island sales tax of 7.00% and $300 in fees, the amount financed is $34,250. At the MonitorBankRates Rhode Island average new auto loan APR of 6.10% that is about $664 a month over 60 months, $806 over 48 months, or $569 over 72 months.
What is the sales tax on a car in Rhode Island?
State rate of 7%. On a $35,000 car the state rate of 7.00% comes to $2,450. The trade in value is subtracted before tax in Rhode Island.
Does a trade in reduce sales tax in Rhode Island?
Yes. Rhode Island charges sales tax on the purchase price minus the trade in, so a $10,000 trade in saves $700 in tax at the 7.00% state rate in addition to lowering the loan.
How much is car insurance in Rhode Island?
The NAIC average car insurance premium in Rhode Island is about $1,574 a year, or $131 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 $795 a month for the example car.
What loan term should I choose?
The shortest term whose payment fits. On the $34,250 example at 6.10%, 48 months costs $806 a month, 60 months $664, and 84 months $502. The 84 month loan pays about $2,342 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 Rhode Island?
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 $68 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.
