Car Loan Calculator

Are you planning to buy a car by taking out an auto loan? Do you want to find the best auto loan for your budget? If yes, then use our car payment calculator today to save big by shopping for the right auto loan.

Car Payment Calculator — How it Works

To calculate the estimated payments, all you need to do is simply insert the data appropriately in the required fields. For example:

• Vehicle Price: In this field, you need to insert the price that you think you will have to pay for the car after negotiation. Remember that this is only a rough estimate.

• Interest Rate: This is where you will have to put in the rate that you have qualified for. You can also estimate the interest rate on the basis of your credit score. For this, use the drop-down menu at the top of the payment calculator.

• Loan Term: The loan term is also known as the number of months it will take you to pay off the auto loan that you’re planning to borrow. In other words, you need to put in the exact number of months that you plan to take to fully repay the loan.

• Down Payment: The down payment is the total amount of cash that you are putting toward the new car.

• Trade-In Value: The net trade-in value is the amount of money that is offered by the car dealer for your old/used car. This value is to be applied as a credit towards the purchase of your new car.

Once you insert all the values as discussed above, press the calculate payments button to get a clear estimate of your monthly car payments.

Also, by changing the down payment, trade-in value, and loan terms, you can find out how it will impact your car payment and total loan cost. This will further help you to compare deals and find the best offer that suits your needs.

Call Car Cloud Auto Group Today!