How would I calculate the monthly payment, I would have on a used car.?
The car costs 5, 000 and is at 12% interest for three years. How would I also calculate the amount of loan, interest on loan, total amount of loan, and monthly payment
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- http://www.bankrate.com/brm/auto-loan-calculator.asp $100. a month, is 12% the best you can do? Try to get a lower rate.
- A lot of it depends on the bank you get it from and your credit score. You would also have to figure in whether or not you have a trade in vehicle, and if you buy any extra warranties for it then you will have to add the price of those in. Most dealerships have fees and those would be factored in as well.
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