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How to Calculate a Down Payment for a Car: 15 Steps, calculate car payment.#Calculate #car #payment


How to Calculate a Down Payment for a Car

Buying a car can be daunting, with the moving parts of finding a car you like, securing financing, and getting rid of your old vehicle if you have one. Knowing how much a down payment for a car you are interested in is a key element of decision making when you are on the market for a new automobile.

Steps Edit

Method One of Two:

Borrowing from a Dealer Edit

Calculate car payment

Calculate car payment

Calculate car payment

Calculate car payment

Calculate car payment

Calculate car payment

Calculate car payment

Calculate car payment

Method Two of Two:

Borrowing from a Bank or Credit Union Edit

Calculate car payment

Calculate car payment

Calculate car payment

Calculate car payment

Calculate car payment

Calculate car payment

Calculate car payment


Financial Calculator, Free Online Calculators from, calculate car payment.#Calculate #car #payment


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Car Loan Calculator – Loan Payment Estimator, car calculator payment.#Car #calculator #payment


car calculator payment

Car calculator payment

The first step is to enter the details of the proposed car loan in the fields to the left:

  • Vehicle Price – The price that you will pay for your vehicle
  • Down Payment – The amount of money that you will be putting down yourself on the car
  • Trade In – If you will be trading in your current car, put its expected value here
  • Owed on Trade – If you will be trading in and owe money on that vehicle, enter the amount here
  • Interest Rate – The interest rate that you will pay on the loan
  • Sales tax – The amount of sales tax levied in your area, this will be added to the vehicle price
  • Term (Months) – The number of months that your loan will run over, typical terms for a car loan are 36, 48 or 60 months
  • Start Date – This is the day that you sign your car loan contract, the first payment will come due one month later

Once you enter your details click “Calculate” and your loan information will be generated.

Understanding the Results

There are four main sections in the results:

Loan Summary

This section gives you a brief summary of the proposed auto loan which includes the expected monthly payment, the total cost of the loan, total interest paid over the life of the loan and the date that the loan will be paid off in full. If you are simply trying to determine the monthly payment then this section is all you will need.

Cost Breakdown Chart

This pie chart provides a visualization of the total costs showing both the principal and interest paid over the term of your contract.

Principal Balances Chart

This chart shows you the balance of your loan at the end of each month over the term. Hovering the mouse over the line will popup a tooltip with the exact balance amount.

Amortization Tables

The final section is the amortization tables, there are three tabs here, the first shows your car loan amortized yearly, the second shows the monthly amortization for people who need full details and the third provides some further information breaking down all of the costs individually.

Each row on these amortization tables gives you a snapshot of your loans position at the end of the specified year or month and tells you exactly how much principal and interest you would pay, and the remaining balance at that point in time.

Final Note

While this auto loan calculator should be highly accurate and give you a solid idea about the costs of a proposed car loan, it is not professional advise and should not be relied upon when making your final purchasing decision. Always talk to a professional directly and fully understand what you are getting into before signing a loan contract.


Car Payment Calculator, Car Affordability Calculator, NADAguides, car calculator payment.#Car #calculator #payment


Car Payment and Affordability Calculator

When you’re in the market for new or used cars, it can get rather daunting when you have no idea where to start. One of the keys to a successful car purchase is knowing what you can afford. This car payment calculator takes all the hard work out of making a sound financial decision. Simply enter in your desired monthly payment or vehicle price and it will return your results. In addition to finding results, we will present you with a list of recommended vehicles that is tailored to your budget.

Car calculator payment

Car calculator payment

Car calculator payment

Car calculator payment

Car calculator payment

Car calculator payment

Car calculator payment

Car calculator payment

Car calculator payment

Car calculator payment

Car calculator payment

Car calculator payment

Car Payment and Affordability Calculator Help

Auto Ownership Education Center

This tool provides estimated monthly payments and estimated APRs for illustrative purposes only. Actual price and payments may be different due to local rebates, specials, fees, and credit qualifications. Consult your dealer for actual price, payments, and complete details.

Pricing shown may exclude a document fee, destination/delivery charge, taxes, title, registration, service contracts, insurance or any outstanding prior credit balances. Optional equipment not included. Option pricing is based on the manufacturer’s suggested retail price.

For purposes of calculating your monthly payment, the estimated Manufacturer’s Suggested Retail Price (MSRP) was used. Not all terms are available in all areas. Terms may vary based on creditworthiness.

The price shown is for qualified, eligible customers. Actual dealer price will vary.

Many variables, including current market conditions, your credit history and down payment will affect your monthly payment and other terms. See your local dealer for actual pricing, annual percentage rate (APR), monthly payment and other terms and special offers. Pricing and terms of any finance or lease transaction will be agreed upon by you and your dealer.

The estimated monthly payment is based upon the credit rating of 800.

An APR is the cost of your credit as a yearly rate. User APR Payment calculations are based an APR and term. The initial APR is provided for estimation purposes only and you may change it at any time. However, you may not be able to finance your vehicle at this rate. See your local dealer for details and actual available terms and conditions.

You may not be able to finance your vehicle at the rate provided.

Incentives and Rebates

Incentive and finance offers shown may not be available to all customers. Incentives lists are examples of offers available at the time of posting and are subject to change.

Not all incentives can be redeemed together. To take advantage of rebates, incentives and/or financing offers you may be required to take new retail delivery from dealer stock by the expiration date noted.

The “Net Trade-in” is an estimate only and many factors that cannot be assessed without a physical inspection of the vehicle may affect actual value. NADAguides is not responsible for and does not guarantee the \”Net Trade-in\” information. Please see your local dealer for information regarding actual trade-in availability and value.

Your ZIP Code helps us calculate your payments and offers.

Photos, Pictures and Vehicle Images

Images shown may not necessarily represent the actual vehicle used to calculate the estimate. Vehicles shown may have optional equipment at additional cost.


Car Leasing – Business – Personal Lease Contracts, car payment calc.#Car #payment #calc


car payment calc

Car payment calc

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    We constantly monitor and update our our offers to get you the best contact hire deals. Our home page shows a selection of some of the latest and best contract hire and leasing offers. You can also see what the most popular lease cars are on our bestsellers page.

    YourFleet specialise in car leasing and contract hire across a range of makes for business users and private individuals. Our team of staff based at our Head Office in Leeds, Yorkshire have a first class reputation for building successful and long term relationships with customers, providing ongoing support throughout each contract and maintaining the highest standards in customer care. If you decide to lease a car with us we will provide you with all the information about the choice of contracts available to you so that you get the car and contract that fits your needs best.

    We can provide business contract hire, personal contract hire, HP, finance lease and personal contract purchase. We have always been particularly strong on brands such as Audi, BMW, Jaguar, Land Rover, Mercedes, Volkswagen and Volvo and have excellent relationships with both dealers and car manufacturers. This ensures that, in conjunction with the vehicle leasing finance packages we offer, our customers get the best range of options and offers available.

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    YourNewCar Limited is not an Independent Financial Adviser, nor do we offer qualified tax advice. Any general information offered is not intended as a substitute for tax or legal advice from a properly qualified and licensed advisor.

    Notice about contract hire data shown: For Vehicle Lease Contracts shown on this website, unless otherwise stated, Business Contract Hire monthly rentals exclude VAT and maintenance, include Road Fund Licence and assume an initial payment equivalent to 3 monthly rentals. Personal Contract Hire monthly rentals include VAT and Road Fund Licence but exclude maintenance and assume an initial payment equivalent to 3 monthly rentals. Where they are given on this website, fuel consumption figures MPG are the combined average of urban and extra-urban driving as provided by the manufacturer. Variations to the Lease Type, Lease Term, Annual Mileage and therefore Monthly Payment are all available on request. All figures and details may change without notice. Vehicles are subject to availability at time of order. Images are for illustrative purposes only. Click Here for a Glossary of Car Leasing Terms.


    Car Loan Calculator – Loan Payment Estimator, loan payment calculator car.#Loan #payment #calculator #car


    loan payment calculator car

    Loan payment calculator car

    The first step is to enter the details of the proposed car loan in the fields to the left:

    • Vehicle Price – The price that you will pay for your vehicle
    • Down Payment – The amount of money that you will be putting down yourself on the car
    • Trade In – If you will be trading in your current car, put its expected value here
    • Owed on Trade – If you will be trading in and owe money on that vehicle, enter the amount here
    • Interest Rate – The interest rate that you will pay on the loan
    • Sales tax – The amount of sales tax levied in your area, this will be added to the vehicle price
    • Term (Months) – The number of months that your loan will run over, typical terms for a car loan are 36, 48 or 60 months
    • Start Date – This is the day that you sign your car loan contract, the first payment will come due one month later

    Once you enter your details click “Calculate” and your loan information will be generated.

    Understanding the Results

    There are four main sections in the results:

    Loan Summary

    This section gives you a brief summary of the proposed auto loan which includes the expected monthly payment, the total cost of the loan, total interest paid over the life of the loan and the date that the loan will be paid off in full. If you are simply trying to determine the monthly payment then this section is all you will need.

    Cost Breakdown Chart

    This pie chart provides a visualization of the total costs showing both the principal and interest paid over the term of your contract.

    Principal Balances Chart

    This chart shows you the balance of your loan at the end of each month over the term. Hovering the mouse over the line will popup a tooltip with the exact balance amount.

    Amortization Tables

    The final section is the amortization tables, there are three tabs here, the first shows your car loan amortized yearly, the second shows the monthly amortization for people who need full details and the third provides some further information breaking down all of the costs individually.

    Each row on these amortization tables gives you a snapshot of your loans position at the end of the specified year or month and tells you exactly how much principal and interest you would pay, and the remaining balance at that point in time.

    Final Note

    While this auto loan calculator should be highly accurate and give you a solid idea about the costs of a proposed car loan, it is not professional advise and should not be relied upon when making your final purchasing decision. Always talk to a professional directly and fully understand what you are getting into before signing a loan contract.


    Calculator for Car Loan Payment, loan payment calculator car.#Loan #payment #calculator #car


    loan payment calculator car

    “; showtxt += (isEmpty(f.downpayment.value)) ? “Down Payment: $0.00

    ” : “Down Payment: $” + f.downpayment.value + “

    “; showtxt += (isEmpty(f.tradevalue.value)) ? “Value of Trade/Sell: $0.00

    ” : “Value of Trade/Sell: $” + f.tradevalue.value + “

    “; showtxt += (isEmpty(f.rebate.value)) ? “Rebate: $0.00

    “; showtxt += (isEmpty(f.rate.value)) ? “Interest Rate for Loan: 0.0

    ” : “Interest Rate for Loan: ” + f.rate.value + ”

    “; showtxt += (isEmpty(f.months.value)) ? “Number of Months for Loan: 0

    ” : “Number of Months for Loan: ” + f.months.value + “

    ” : “Home Equity Interest Rate ” + f.equityrate.value + ”

    “; showtxt += (isEmpty(f.marginaltax.value)) ? “Marginal Tax Rate: 0.0

    ” : “Marginal Tax Rate: ” + f.marginaltax.value + ”

    “; showtxt += (isEmpty(f.equityfees.value)) ? “Home Equity Fee/Charges: $0.00

    ” : “Home Equity Fee/Charges: $” + f.equityfees.value + “

    Here’s the payment information:

    ” : “Monthly Payment: ” + monthly_payment + “*

    “; showtxt += (isEmpty(interest_paid)) ? “Total Interest Paid: $0.00*

    ” : “Total Interest Paid: ” + interest_paid + “*

    * NOTE: If you calculate using a home equity loan, your ‘Monthly Payment’ and ‘Total Interest Paid’ show the after-tax figures. Your out-of-pocket monthly payment likely will be higher.

    “; showtxt += ” \n”; showtxt += ” “; showWindow.document.write(showtxt); showWindow.document.close(); > function calculate(form) < if (validate_fields(form)==false) return false; calculate_fields(); showresults(form); > // –> Calculator for Car Loan Payment

    Auto Loan Calculator

    Use this calculator to compare your financing options:

    How to use the calculator:

  • Enter dollar figures without dollar signs or commas, so enter $16,000 simply as 16000

  • Enter percentages in decimal form without percent signs, so enter 8 1/2 as 8.5

  • Use the “tab” key to move from one field to the next.

  • Don’t worry if you don’t have a trade-in, or if you’re not planning to use a home equity loan–use just the first six fields to calculate a conventional auto loan; include the last three fields if you want to see results for a home equity loan. Print results for both options and compare side by side if you like.

  • When calculating for a home equity loan, fill in both “interest rate for a loan” and “home equity interest rate” fields, using the home equity loan annual percentage rate in both.

  • If you don’t know your “marginal tax rate” in the home equity section, 30 (enter 30) is a reasonable guesstimate.

    For more help calculating the best vehicle payment strategy for your circumstances, call the people at your credit union.

    Strategies for Fitting a Car Payment

    What’s your car payment threshold?

    You know, the amount of money you just can’t or won’t exceed each month for a car payment? Researchers at CNW Marketing/Research in Bandon, Ore., say the threshold for most buyers is about $328 a month.

    Your personal threshold may be higher or lower. Maybe you have other priorities now and your threshold, even stretching your budget to the max, is more like $128 a month! Here are some ways to manage your monthly payment, and the impact each will have on your personal finances.

    Down payment


    Longer loan term


    Home equity loans

    But remember up-front costs to obtain this type of loan. As with any mortgage loan, you’re likely to pay fees for an appraisal, title insurance, a title search, a credit check, and so on. On the calculator below, add fees to the total borrowed only if you roll fees into the total loan. If you pay fees out of pocket, remember that they increase your cost of borrowing even if not expressed in the calculation below.

    Another point: Some lenders only ask you to pay 2 of the outstanding balance of a home equity loan each month. As described in the section “longer loan term,” this increases your borrowing expense, although it certainly will keep payments affordable. Think of it this way — you can take longer to repay a home equity loan, but the cost of doing so (in higher total interest expense) could eat up your tax savings. To make a better comparison between a home equity loan you use to buy a vehicle and a conventional vehicle loan, use the same number of months for each. In other words, compare a 72-month auto loan with a 72-month payback on a home equity loan.

    The result won’t tell the whole story because the interest rate for a home equity loan typically will be higher than for a conventional auto loan. That means your monthly payment may be higher even if the final after-tax cost turns out to be lower. And, home equity loans often have variable rates, so be prepared for your rate to adjust upward.

    Finally, before using this type of loan to buy a vehicle, make sure you don’t have other priorities for your home equity — such as paying education expenses, starting a new business, or improving the house.

    Take the rebate

    And remember, taking the rebate often makes more sense than accepting a dealer’s low-rate financing: Usually, the low rates that most dealers advertise are for short-term loans. For example, one dealer offers 1.9 financing, but that’s only available on two-year loans. A new $20,000 car with a $2,000 down payment (10 down) will require $18,000 financing. This translates to an astounding $765 monthly payment — clearly out of reach for most buyers.

    If you choose this dealer’s rebate plan, you forego the low-interest-rate loan but get a $1,500 cash rebate. Adding the rebate to your down payment can make credit union financing very attractive, because the larger down payment reduces the amount you need to finance.


  • Car Loan Calculator – Loan Payment Estimator, car loan payment calculator.#Car #loan #payment #calculator


    car loan payment calculator

    Car loan payment calculator

    The first step is to enter the details of the proposed car loan in the fields to the left:

    • Vehicle Price – The price that you will pay for your vehicle
    • Down Payment – The amount of money that you will be putting down yourself on the car
    • Trade In – If you will be trading in your current car, put its expected value here
    • Owed on Trade – If you will be trading in and owe money on that vehicle, enter the amount here
    • Interest Rate – The interest rate that you will pay on the loan
    • Sales tax – The amount of sales tax levied in your area, this will be added to the vehicle price
    • Term (Months) – The number of months that your loan will run over, typical terms for a car loan are 36, 48 or 60 months
    • Start Date – This is the day that you sign your car loan contract, the first payment will come due one month later

    Once you enter your details click “Calculate” and your loan information will be generated.

    Understanding the Results

    There are four main sections in the results:

    Loan Summary

    This section gives you a brief summary of the proposed auto loan which includes the expected monthly payment, the total cost of the loan, total interest paid over the life of the loan and the date that the loan will be paid off in full. If you are simply trying to determine the monthly payment then this section is all you will need.

    Cost Breakdown Chart

    This pie chart provides a visualization of the total costs showing both the principal and interest paid over the term of your contract.

    Principal Balances Chart

    This chart shows you the balance of your loan at the end of each month over the term. Hovering the mouse over the line will popup a tooltip with the exact balance amount.

    Amortization Tables

    The final section is the amortization tables, there are three tabs here, the first shows your car loan amortized yearly, the second shows the monthly amortization for people who need full details and the third provides some further information breaking down all of the costs individually.

    Each row on these amortization tables gives you a snapshot of your loans position at the end of the specified year or month and tells you exactly how much principal and interest you would pay, and the remaining balance at that point in time.

    Final Note

    While this auto loan calculator should be highly accurate and give you a solid idea about the costs of a proposed car loan, it is not professional advise and should not be relied upon when making your final purchasing decision. Always talk to a professional directly and fully understand what you are getting into before signing a loan contract.


    Loan Calculator and Payment Schedule, Not a Toy, loan payment schedule.#Loan #payment #schedule


    Loan Calculator

    Since you may have happened upon this loan calculator to calculate a monthly payment, I’ll cut to the chase. You’ll only need to enter three numbers, and you can leave the other dozen or so options untouched.

    Here’s all you need to do.

    • Click clear and enter values for:
      • Loan Amount
      • Number of Payments
      • Annual Interest Rate
    • Leave Loan Payment Amount set to 0.
    • Click either Calc or Payment Schedule.

    There you have it. Now you have what you need.

    This calculator though offers users so much more. Spend a few minutes with it, and you’ll see. More below.

    Will making small, extra payments save me money?
    Will paying half the monthly payment every other week save interest charges?
    Buying or selling real estate?

    VERY IMPORTANT – You must enter a 0 if you want a value calculated. Some users have been frustrated by this. They want to know why the calculator does not just recalculate a payment if they have changed the loan amount, interest rate or term.

    This is because we want the calculator to be able to create an amortization schedule using whatever parameters you want to use. This behavior is a feature! After all, there is no such thing as a correct loan payment. The payment amount is correct as long as both the lender and debtor agree to it!

    ABOUT DATES – This calculator now allows irregular length first periods. That is, the calculator calculates the exact amount of interest due even when the initial period is shorter or longer than the other scheduled periods. This will result in payment amounts as well as interest charges that do not match other calculators. If you want to match other calculators then set the Loan Date and 1st Payment Date so that the time between them equals one full period as set in Payment Frequency . Example: If the Loan Date is May 15th and the Payment Frequency is Monthly, then the 1st Payment Date should be set to June 15th, that is IF you want a conventional interest calculation. See the end of the Help text for some more details.

    Of course, you can always leave the dates set as they are when the calculator loads.

    Much More Than a Payment Calculator

    Since the calculator will solve for multiple unknowns, it can easily be used to answer the following questions:

    • How much can I borrow?
    • What would my payment be?
    • What is the lending rate?
    • How long will it take to pay off my loan?
    • What date is my loan paid off?
    • NEW – what is the impact of extra payments?

    Loan payment schedule

    See the payment schedule for total interest saved.

    Loan Calculator Help.

    This calculator will solve for any one of four possible unknowns: Amount of Loan , Total Scheduled Periods (term), Annual Interest Rate or the Periodic Payment .

    Enter a ‘0’ (zero) for one unknown value.

    The term (duration) of the loan is a function of the Total Scheduled Periods and the Payment Frequency . If the loan is calling for monthly payments and the term is four years, then enter 48 for the Total Scheduled Periods . If the payments are made quarterly and the term is ten years, then enter 40 for the Total Scheduled Periods .

    The Amortization Method should be set to Normal (level payments) unless you have a specific reason to set it to another method. Fixed Principal causes the amount allocated to principal to be the same each period which result in decreasing payments.

    If the terms of the loan call for a 0% interest rate, then the Amortization Method must be set to No Interest, otherwise entering a zero for Annual Interest Rate? will cause the calculator to calculate an interest rate. Selecting No Interest, also lets the user set the payment amount to 0 to tell the calculator to calculate it.

    When the first period, the period of time between the loan date and the first payment date is longer than one full period, there will be interest due for the extra days . This is known as odd day interest. Example: if the loan date is March 24 and the first payment date is May 1, then there are 8 odd days of interest – March 24th to April 1st. How the odd day interest is calculated and collected is controlled with the Long Period Options. By default, the odd days interest is shown being paid on the loan date.

    Conversely, if the time between the loan date and first payment date is less than the payment period set, then the first period is said to be a short initial period and the first payment will be reduced due to less interest being owed. How the payment amount and interest is calculated for a short period is determined by the Short Period Options.

    On a more general note, we have been discussing details about loans, some structured with unusual features, over several decades. At this point, we believe our software calculators can create a schedule for any structured settlement loan that exists. If you have a loan with special requirements, please ask.

    Hopefully, you’ll find this loan calculator as well as all the financial calculators on this site to be useful tools. Why not take another sip of your favorite beverage and explore for a few minutes? Start by checking out The Reading Room. Here you’ll find a half dozen articles, written by professionals, about money.


    FinAid, Calculators, Loan Calculator, interest payment calculator.#Interest #payment #calculator


    interest payment calculator

    Interest payment calculator

    Interest payment calculator

    Interest payment calculatorInterest payment calculator

    Interest payment calculator

    Interest payment calculator

    Interest payment calculator

    Interest payment calculator

    Interest payment calculator

    Interest payment calculator

    Interest payment calculator

    Interest payment calculator

    Interest payment calculator

    Interest payment calculator

    Interest payment calculator

    Interest payment calculator

    This Loan Payment Calculator computes an estimate of the size of your monthly loan payments and the annual salary required to manage them without too much financial difficulty. This loan calculator can be used with Federal education loans (Stafford, Perkins and PLUS) and most private student loans. (This student loan calculator can also be used as an auto loan calculator or to calculate your mortgage payments.)

    This loan calculator assumes that the interest rate remains constant throughout the life of the loan. The Federal Stafford Loan has a fixed interest rate of 6.8% and the Federal PLUS loan has a fixed rate of 7.9%. (Perkins loans have a fixed interest rate of 5%.)

    This loan calculator also assumes that the loan will be repaid in equal monthly installments through standard loan amortization (i.e., standard or extended loan repayment). The results will not be accurate for some of the alternate repayment plans, such as graduated repayment and income contingent repayment.

    Loan fees are used to adjust the initial loan balance so that the borrower nets the same amount after the fees are deducted.

    Some educational loans have a minimum monthly payment. Please enter the appropriate figure ($50 for Stafford Loans, $40 for Perkins Loans and $50 for PLUS Loans) in the minimum payment field. Enter a higher figure to see how much money you can save by paying off your debt faster. It will also show you how long it will take to pay off the loan at the higher monthly payment. You can also calculate private student loan eligibility on comparison sites like Credible.

    The questions concerning enrollment status, degree program and total years in college are optional and are designed to evaluate whether the total debt is excessive. The total years in college should include the total number of years in college so far (or projected) corresponding to the loan balance, including previous degrees received.