The Virginia auto loan calculator estimate for a $35,000 new car with $3,500 down, financed over 60 months at today's MonitorBankRates Virginia average new auto loan APR of 5.61% with the Virginia vehicle sales tax of 4.15% and $300 in fees added to the loan, is a monthly car payment of about $637, or about $725 a month with the average Virginia car insurance premium included, verified by MonitorBankRates as of September 24, 2026.
Lenders serving Virginia currently advertise auto loan APRs from 2.99% to 3.50% across the 5 offers listed below. This calculator finances what a Virginia dealer actually finances: the price minus your down payment and trade in, plus Virginia sales tax and fees. The APR is today's MonitorBankRates Virginia average; switch to used with one click or apply a verified lender APR from the panel below. The same loan at the Virginia used car average of 6.18% costs about $646 a month.
Virginia Car Payment Estimator
Prefilled with the MonitorBankRates Virginia average APR, the Virginia sales tax rate and average insurance. Results update as you type.
Where the amount financed comes from
| Vehicle price | $0 |
| Virginia 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 Virginia Average Auto Loan Rates
Today's MonitorBankRates Virginia averages first, then the lowest verified new and used offers from lenders serving Virginia. Click any APR to run it through the calculator.
Auto Loan Offers in Virginia and the Payment on a $35,000 Car
Monthly payment on the example loan ($33,253 financed after $3,500 down, Virginia tax and fees) at each lender's advertised APR and term, from rate sheets published by the lender and verified by MonitorBankRates.
- Norfolk Fire Department Federal Credit UnionNew Auto Loan2.99% APR$597 a month over 60 months
- Central Virginia Federal Credit UnionNew Auto2.99% APR$597 a month over 60 months
- Park View Federal Credit UnionNew Auto Loan3.24% APR$601 a month over 60 months
- Credit Union of RichmondNew Auto Purchase (Never Titled)3.49% APR$605 a month over 60 months
- Augusta Health Care Credit UnionAuto Loan3.50% APR$605 a month over 60 months
Compare every new and used auto loan, local banks and credit unions first, on the Virginia auto loan rates page.
View Your Virginia Auto Loan Rate
Personalized auto loan offers from lenders serving Virginia.
What a Car Loan Costs in Virginia Right Now
| $35,000 new car, $3,500 down, Virginia tax and fees: $33,253 financed at the MonitorBankRates Virginia average of 5.61% | Monthly | Total interest |
|---|---|---|
| 36 months | $1,006 | $2,951 |
| 48 months | $775 | $3,944 |
| 60 months | $637 | $4,954 |
| 72 months | $545 | $5,981 |
| 84 months | $479 | $7,025 |
Virginia sales tax adds $1,453 to a $35,000 car, which at 5.61% over 60 months is about $28 of the monthly payment. Virginia charges tax on the full price, so a trade in does not reduce the tax bill. The Virginia average APR of 5.61% is below the U.S. average of 5.88%. Add the average Virginia car insurance premium of $88 a month and the car costs about $725 a month to keep on the road before fuel and maintenance, which is 9.3% of the Virginia median household income of $93,170. Rates change daily; every figure on this page is recalculated when it loads from the current MonitorBankRates Virginia average.
Car Payments by Price in Virginia
10% down, Virginia sales tax of 4.15% and $300 in fees financed, 60 months at the MonitorBankRates Virginia averages for new (5.61%) and used (6.18%) cars.
| Price | Down | Virginia tax | Amount financed | New car payment | Used car payment |
|---|---|---|---|---|---|
| $15,000 | $1,500 | $623 | $14,423 | $276 | $280 |
| $25,000 | $2,500 | $1,038 | $23,838 | $456 | $463 |
| $35,000 | $3,500 | $1,453 | $33,253 | $637 | $646 |
| $45,000 | $4,500 | $1,868 | $42,668 | $817 | $829 |
| $60,000 | $6,000 | $2,490 | $56,790 | $1,088 | $1,103 |
Buying a Car in Virginia: Tax, Fees and Insurance
Sales tax. Motor vehicle sales and use tax of 4.15% on the full price, minimum $75. 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. Virginia charges tax on the full purchase price, so a trade in lowers the loan but not the tax bill; a private sale may net more.
Fees. Title, registration and plate fees are set by the Virginia 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 Virginia car insurance premium is about $1,055 a year, or $88 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 Virginia car insurance page.
How to Use the Virginia Auto Loan Calculator
- Start from the Virginia defaults
The APR is today's MonitorBankRates Virginia average, the sales tax is the Virginia 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 Virginia. 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 Virginia
What is the average auto loan rate in Virginia today?
The MonitorBankRates Virginia average new auto loan APR is 5.61% as of September 24, 2026, and the average used auto loan APR is 6.18%, computed every day from rates published by banks and credit unions lending in Virginia. Individual lenders currently advertise APRs from 2.99% to 3.50% for borrowers with strong credit; compare offers on the Virginia auto loan rates page.
How much is the car payment on a $35,000 car in Virginia?
With $3,500 down, Virginia sales tax of 4.15% and $300 in fees, the amount financed is $33,253. At the MonitorBankRates Virginia average new auto loan APR of 5.61% that is about $637 a month over 60 months, $775 over 48 months, or $545 over 72 months.
What is the sales tax on a car in Virginia?
Motor vehicle sales and use tax of 4.15% on the full price, minimum $75. On a $35,000 car the state rate of 4.15% comes to $1,453. Virginia taxes the full price with no trade in credit.
Does a trade in reduce sales tax in Virginia?
No. Virginia charges tax on the full purchase price regardless of a trade in, so the trade in lowers the loan but not the tax. Compare the dealer offer with a private sale.
How much is car insurance in Virginia?
The NAIC average car insurance premium in Virginia is about $1,055 a year, or $88 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 $725 a month for the example car.
What loan term should I choose?
The shortest term whose payment fits. On the $33,253 example at 5.61%, 48 months costs $775 a month, 60 months $637, and 84 months $479. The 84 month loan pays about $2,071 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 Virginia?
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.
