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Car Loan Calculator

This calculator is used  to  calculate your monthly mortgage payments on car, truck, boat and other personal loans. If you have decided that car refinance is for you, then you must look into a rate that you like and get a better auto loan through car refinance. The calculator help making car buying easier.
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*Vehicle Price  Down Payment
  

Trade-In Value  Sales Tax
  %

*Annual interest rate
  *Mortgage terms
%  

  

Calculation Results:

Monthly Payments: 419.54Total Payments: 25,172.64
Total Interest: 4,481.39
Loan Calculation Formula: M = P [ i(1 + i)n ] / [ (1 + i)n - 1]
  • P =principal, the initial amount of the loan

  • i = monthly interest rate, r/12

  • n = loan term, number of months

  • M = monthly payment

In this formula for a monthly payment, assume that there is no down payment, sales tax and Trade-In Value.
How much car will that buy? You need to calculate your car loan to make sure it fits into your budget. Determine the minimum income you’ll need and compare monthly payments. If you calculate a car loan before you accept it, you'll have a better understanding of your obligation and hopefully less chance of defaulting on it.
Top Use:    Car Loan Calculator - Vehicle Price:61888 Interest rate:4% term:9Years

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