This professional auto loan calculator allows you to calculate monthly payments of an auto loan based on the automobile's sale price, the term of the loan desired, down payment percentage and the loan's fixed interest rate. A complete payment schedule allows you to view monthly payments by interest and principal paid.
This is a useful car calculator for anyone looking to buy a car. By entering in different values and looking at the monthly payment schedule you can determine exactly how much car you can afford and what loan terms will allow you to save the most money on your new car purchase. This is a perfect calculator to take to a used car lot or dealership in order to discuss loan terms and financing options with the staff and salesmen.