Overhaulin'

25k loan,6%,6yr A simple interest loan on a new car, how do you calculate the payment with paper and pencil.

Public Comments

1. hit the finance book, I know the formula, but I can't type it here.. very simple though...
2. online is easier http://www.bankrate.com/brm/mortgage-calculator.asp Just plug in your numbers. 25k, 6%, 6 year, $414.32 So do you really want to make that high of a monthly payment for 6 years? I'll bet - 2 years from now, you'll be tired of the $414.32 monthly payment. Why not a certified used car - say Honda or Toyota? GOD bless us, always.
3. try this site to get quotes for a car loan, works very well!