If your aim is to purchase an auto on credit, make few calculations in the auto loan calculator. The calculator is standard one, use it for calculation of repayment amounts with annuity form of repayment. For calculation it is necessary to know interest rate, auto price, period, for which you are going to take out a loan.
Down payment (advance payment), as well as the service of taking into account the price of the old auto, subject to exchange under the program 'trade-in', reduce the total loan amount and these amounts are not specified in the monthly balance of loan repayment schedule.
After initial calculation of the total amount and amount of the interest to be repaid, the button for loan scheduling emerges there. Print out the schedule and compare the results for different credit terms.
|Loan term: (months)
|Total Interest Paid: