Auto Loan Calculator

Auto Loan Calculator

Purpose: Simple calculator to help you figure out how much car you can afford: Just enter the loan amount, interest rate and term and click “calculate.” Then see how a lower – or higher – interest rate or longer or shorter term could affect your monthly payment.

Tips & Insight: Like any loan, when considering an auto loan you need to really be honest about how much you can afford. This calculator will let you figure out if you can really afford a shorter term and can even help you readjust the amount you can honestly afford to spend each month on a vehicle. Be sure to leave yourself a cushion – you don’t want to overextend yourself or you may find you have a date with the repo man.

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