Car Finance Calculator

Car Finance Calculator

Car Loan Amount:
Down Payment:
Trade-In Value:
Car Loan Period (in months):
Interest Rate:
Sales Tax (%):
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Car Finance Definition

If you are in the market to buy a new car, it is important to start by determining what kind of monthly payment you can afford before you visit any dealerships or begin any test drives. After all, knowing what your budget is prior to visiting the dealership will automatically help you to narrow down your options when it comes to choosing a vehicle.

Furthermore, since no two auto financing options are typically the same, it is important that you understand what the financing you are approved for means for your bottom line. Interest rates, down payments, trade-in values, and other factors can greatly influence your monthly payments and the amount you end up paying on the car over time. Fortunately, by using our convenient car finance calculator, you can easily calculate your estimated monthly payments so that you know what to expect before you buy any car.

To use our calculator, begin by entering:

  1. The total car loan amount
  2. The amount of any down payment you are making
  3. The amount of any trade-in
  4. The repayment period of the loan
  5. The interest rate on the loan
  6. The sales tax percentage on the vehicle

From there, all you have to do is click “calculate” in order to receive an instant estimate of the monthly payment that you can expect on your new vehicle. This will help you to make a better informed financial decision when it comes to buying your new car.

Some other tips to keep in mind as you shop around for your new car:

  • Always be sure to shop around for financing to get the best rates.
  • Adding on other costs to your car, such as gap insurance at the time of purchase, will increase your monthly payment.
  • Be sure to factor in other costs of ownership when it comes to owning a vehicle, such as gas, maintenance, and car insurance.

By keeping these factors in mind and using our calculator, you will be able to make the best decision regarding your next car purchase in no time.

How to Calculate Car Finance

Let's be honest - sometimes the best car finance calculator is the one that is easy to use and doesn't require us to even know what the car finance formula is in the first place! But if you want to know the exact formula for calculating car finance then please check out the "Formula" box above.

Add a Free Car Finance Calculator Widget to Your Site!

You can get a free online car finance calculator for your website and you don't even have to download the car finance calculator - you can just copy and paste! The car finance calculator exactly as you see it above is 100% free for you to use. If you want to customize the colors, size, and more to better fit your site, then pricing starts at just $29.99 for a one time purchase. Click the "Customize" button above to learn more!