How to use the auto/car loan calculator?

• Gather Your Information: You'll need some key numbers to input into the calculator. The more accurate your numbers, the more accurate the estimate will be.

Vehicle Price / Loan Amount: This is the core figure. If you know the exact price of the car you want, start there.

Annual Interest Rate (APR): This is the cost of borrowing money, expressed as a yearly percentage. It includes the interest rate plus certain lender fees.

Loan Term (in months or years): This is the length of time you have to repay the loan. Common terms are 36, 48, 60, 72, or even 84 months.

• Enter the Information into the Calculator: Input the numbers you gathered into the corresponding fields on the calculator's interface.

• Click the "Calculate" button and review the results: Estimated Monthly Payment - This is the main piece of information most people look for. It tells you approximately how much you'll need to budget each month for the car loan itself.