Overhaulin'

how do you calculate your monthly payments on a car loan?

Public Comments

1. at 0% interest you just divide the total of the loan by the number of months it is for ex. 15000/ 60 months = $250
2. http://www.capitalone.com/autoloans/help-center/tools/monthly-payment-calculator.php?linkid=WWW_Z_Z_Z_AC1_R1_03_T_ALMPC
3. A rough estimate is $16 dollars for every $1000 financed Example: car cost is $25000 Down payment $5000 Total amount FINANCED is $20,000 20 X 16 = $320 a month This is an estimate, annual percentage rates and credit score will change the number
4. You would want to use an interest calculator. A number of them exist online. One that will allow you to compute and compare a few different loans on the same screen exists at autoworld. http://www.autoworld.com/apps/calc/interest.asp In the field where it says, number of payments, input the number of monthly payments. For a three year loan, that is 36. Four years is 48. Five years is 60. In the field where it says interest rate, input the interest rate you are going to receive on your car loan. (7.9, would be 7.9%) In principle, input the amount that you are borrowing (cost of the car plus tax, license, fees, minus any down payment and trade-in). Press the compute button, and you will see your monthly car payment. For the best deal on your loan, consider going to your bank or credit union to be pre-qualified for a car loan. That way you can simply negotiate the purchase price of the vehicle, and not haggle financing with the dealer. (Dealers like to negotiate the payment, because they can make a smaller payment by simply increasing the length of the loan, without actually reducing the cost of the vehicle-- indeed, it will cost you more). Finally, when deciding if you can afford the loan, be sure to factor in the fact that you will need insurance on your vehicle, annual registration fees, fuel, maintenance, and other incidental costs. Good luck.
5. Go to http://www.standardbank.co.za/SBIC/Frontdoor_07_02/0,2493,7264092_7440394_0,00.html and click on calulators and then car repayments, put int he current interest rate and deposit and the period of loan and you will have your instalments!
6. try this site if you're looking for a car loan. just fill out the form (takes like a minute) and you'll get quotes on different loan alternatives instantly
7. when i was getting my car, i used this site to get quotes on a car loan. i think it's a great site, check it out (it's free too)!