Car Loan Calculator or car payment calculator to calculate monthly loan payment
Auto Loan Calculator is a car payment calculator with trade in that calculates your monthly loan payment quickly and shows the detailed loan amortization. The auto loan calculator will calculate the total payment, interest, payoff date and all the necessary information with a printable car loan amortization schedule.
Just enter the required information (e.g., price, interest rate, term of loan), plus any optional information (e.g., trade-in, sales tax rate, rebate, loan payoff, etc.), and then press the calculate button. The trade-In and down payment amounts are separated. This is essential for a good car payment calculator app.
1. Calculate a Monthly Loan Payment if buying from a Dealer. This option offers allows the user to input all items that a dealer finance manager would input into their system to calculate a monthly loan payment.
User can enter:
1. Price of Car/Truck/RV (required)
2. Trade-In Vehicle Value (optional)
3. Instant Cash Rebate (optional)
4. Down Payment (optional)
5. Dealer Fees (optional)
6. Miscellaneous - extended warranty, dealer add-ons, vehicle upgrades etc. (optional)
7. Sales Tax Rate (optional)
8. Interest Rate (required)
9. Term of Loan in months (required)
You can also select whether to apply sales tax to the trade-in and/or rebate. You may also choose whether to finance the total sales tax (i.e., include it in the loan). Our car payment calculator app gives you this choice.
The app then calculates the monthly loan payment of the car based on the information you provide. It will also display the total amount financed and the total amount of sales tax due.
2. Calculate a Monthly Loan Payment if buying from an Individual. This is the simple version.
User can enter:
1. Price of Car/Truck/RV (required)
2. Down Payment (optional)
3. Sales Tax Rate (optional) - used only for informational purposes.
4. Interest Rate (required)
5. Term of Loan in months (required)
The app then calculates the monthly loan payment of the car based on the information above.
The auto loan calculator has built in options as well for car trade in, sales tax as well as other miscellaneous fees. If you don't want to include these options in, simply leave them as 0.
You can print, share or save the car loan amortization schedule.
The loan chart shows you how much you are paying towards the interest with each auto loan payment, and how much of the cash is being applied towards the principal.
Ensure you do not over-leverage when you are purchasing a vehicle. Find your dream vehicle today!
Version 1.1.1
Fixed a bug where the app was NOT loading for some users. The calculator screen should load for all users now.
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