Sales Tax - How much sales tax are you paying for the car. Trade In Value - If you have an old car that you can trade in, this is the field where you put in the trade in price of your old car. Much ealier you can payoff your car loan. However, you can use the bi-weekly payment option to see how much interest you can save and how Payment Frequency - Monthly payment is the default option for car loans. Usually, interest rates are lower for those who have good credit. Interst Rate - The interest rate that you will be paying for the loan. 3 year and 5 year terms are common for auto loans. Loan Terms - The loan terms in years or months. Loan Amount - How much loan are you applying for to finance the car.
Vehicle Price - The price of the car that you want to buy.ĭown Payment - How much are you putting down as initial payment for the purchase of the car. Following are the terms for the car loan calculator which explains how you to use calculator.
