It's easy to get an auto loan, but there are some risks. There are too many things that could go wrong. Also, it will cost a lot of money. What if the payments are more than your monthly income? What if your expenses go up all of a sudden, leaving you without enough money to pay your interest? Suppose...
To avoid these risks, you need a tool to help you figure out how much money is at stake ahead of time. Estimators for car loan payments can tell you how much your monthly payments will be, how much you need to make to pay off your loan, and how much you can afford to borrow.
There are a lot of websites that offer free car loan calculators. Here are some great places to find these car loan calculators and start figuring out how to pay for a car.
AutoSite. com - Car Loan Estimator
AutoSite.com is an online company that helps people get loans for their cars. Their car loan calculator does two things. It can figure out both auto loans and leases and compare their rates to see which is better. To start using this car loan calculator on http://AutoSite.com, just fill in the required fields with the information you need.
If you only want to figure out the loan payments, fill out the left side of the car loan estimator and press the "Calculate Loan" button. For figuring out the lease, you can do the same thing, but instead of filling out the left side, you can fill out the fields on the right and click the "Calculate Lease" button.
If you want to compare a car loan to a car lease, you can use this car loan estimator. To do so, enter the following information: negotiated vehicle price, suggested vehicle MSRP, interest rate, loan term, lease term, money factor, and estimated residual value. After you enter these pieces of information, click the "Compare Loan vs. Lease" button, and the results will be shown on the next page.
Car Loan Estimator at AutoWorld.com
AutoWorld.com is another great place to look for a car loan calculator. The car loan calculator on this site is simple and easy to use. The car loan estimator at http://AutoWorld.com can help you figure out how much you would have to pay each month.
For example, you buy a car with a loan of $50,000 at a rate of 2.7% APR for 24 months. By putting this information into the car loan calculator, the monthly payment field will automatically be filled with $2,142.43. Tax, title, licence fees, and other costs are not taken into account in the calculations shown.
AutoNetFinancial .com - Car Loan Estimator
There are two kinds of car loan calculators on AutoNetFinancial.com. The first tool for figuring out a car loan is a quick loan qualifier. This car loan calculator will give you a rough idea of how much you will have to pay each month for a loan to buy a car. To start the estimate, you'll need to type in your average gross monthly wage, any other verifiable income, your co-average buyer's gross monthly wage (if you have one), and any other fixed monthly costs, such as rent or instalment loans. When you click the "Calculate" button, this car loan calculator will tell you how much your monthly payment will be, which you can use as a starting point when you want to buy a new car.
