How to Use the Monthly Auto Payment Calculator
The steps are easy …
- Enter the price you'd like to purchase for.
- Next, figure in your down-payment amount.
- Apply the Annual Percentage Rate (APR).
- Lastly, select the financing term in months.
Automatically, you're then treated to what your estimated monthly payment will comprise.
Adjacent will be a bar graph displaying other payment options and how they are reflected. Payments and monthly terms against APR will delineate other options for a quicker pay-off date, or a more manageable payment schedule. This all depends on you, the client, and what you may afford.
With the value of your trade, or the windfall that accompanies the sale of your current vehicle, you have a firm figure of what to budget for.
*Disclaimer: These calculations are for reference purposes only. All figures are estimates only and are not guaranteed as accurate. Payment does not include tax, title, or fees. Always consult a professional financial adviser.