Auto Loan Calculator
Loan terms
Value
Interest rate (%):
Loan amount:
Loan term (mths):
Down Payment:
Trade-in value:
Month Payment:
Total Payments:
Total Interest Paid:
Calculations in this calculator are performed using an annuity loan repayment scheme.
However, car loans often use a repayment scheme based on differentiated payments.
Such loans can be calculated using a fixed principal payment calculator.
To calculate a car loan using this calculator, you need to know the interest rate,
the vehicle price, and the loan term. You also need to enter the down payment amount
and the trade-in value if you are replacing your old car with a new one.
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, will appear the button 'Amortization Schedule'.
This table contains information about the amounts of car loan payments by month, the amount of interest accrued for the use of loan funds, the reduction in the principal amount of the debt, and the debt at the end of the period.