- What would my auto loan payment be?
Many factors go into determining the final loan amount for the purchase of a new or used vehicle. These factors include any manufacturer's rebate, the trade-in value of your old vehicle less any outstanding balance, your down payment, etc. Once the loan amount is determined, the interest rate and the term of the loan will be used to estimate your vehicle payment.
- Rate vs. Rebate
At first glance, 0% financing appears to be the best option when purchasing an auto. However, if you choose to finance through a bank or credit union you may be eligible for a dealer rebate. Use this calculator to help determine which is the best option based on when you anticipate selling your car and purchasing a new one.
- How can I pay off my loan sooner?
By making a small additional monthly payment toward principal, you can greatly accelerate the term of your auto loan and, thereby, realize tremendous savings in interest payments. Use this calculator to help estimate the potential time and interest savings.