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This tool is designed to help you estimate your monthly payments and make informed decisions when financing your car. Simply enter the necessary details, and let our calculator do the work for you.
Auto Price: Input the price of the vehicle you plan to buy.
Interest Rate: Enter the annual interest rate you expect to pay. If you’re unsure, check with your lender or use an average industry rate.
Loan Term: Select the duration of your loan in years. This is the time frame over which you’ll be repaying the loan.
Down Payment: If you have a down payment, enter the amount. A larger down payment can lower your monthly payments.
Cash Incentives: Locate and input any cash incentives or rebates provided by the dealer or manufacturer. These incentives could include cashback offers, manufacturer rebates, or special promotions.
Trade-In Value: If you’re trading in a vehicle, input the trade-in value. This amount will be deducted from the total loan amount.
Amount Owed on Trade-In: If you have an existing vehicle to trade in and there is an outstanding amount on the loan for that vehicle, enter the amount owed.
Sales Tax: Specify the sales tax percentage applicable in your area. This will be used to calculate the tax on the purchase.
Title, Registration and Other Fees: Include estimated costs for title, registration, and any additional fees associated with the purchase. These fees can vary by location and are essential to consider for an accurate calculation.
Once you’ve filled in the details, our Auto Loan Calculator will provide you with:
Monthly Payment: The estimated amount you’ll need to pay each month.
Total Loan Amount: The overall amount you’ll repay, including the principal, interest, and fees.
Sales Tax: The total sales tax amount based on the specified percentage.
Upfront Payment: The sum of any down payment and trade-in value.
Total Loan Payments: The sum of all your monthly payments over the duration of the loan.
Total Interest: The total interest you’ll pay over the life of the loan.
Total Cost: The overall cost of the loan, including both the principal amount and the interest.