Auto Loan Calculator

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Loan Repayments By Month

Loan Payments: $158,963.30
Monthly Payment: $2,649.39
Total Interest: $58,963.30

Month Balance Principal Interest Payment
1 $100,000.00 $982.72 $1,666.67 $2,649.39
2 $99,017.28 $999.10 $1,650.29 $2,649.39
3 $98,018.18 $1,015.75 $1,633.64 $2,649.39
4 $97,002.43 $1,032.68 $1,616.71 $2,649.39
5 $95,969.74 $1,049.89 $1,599.50 $2,649.39
6 $94,919.85 $1,067.39 $1,582.00 $2,649.39
7 $93,852.46 $1,085.18 $1,564.21 $2,649.39
8 $92,767.28 $1,103.27 $1,546.12 $2,649.39
9 $91,664.01 $1,121.65 $1,527.73 $2,649.39
10 $90,542.36 $1,140.35 $1,509.04 $2,649.39
11 $89,402.01 $1,159.35 $1,490.03 $2,649.39
12 $88,242.65 $1,178.68 $1,470.71 $2,649.39
13 $87,063.98 $1,198.32 $1,451.07 $2,649.39
14 $85,865.66 $1,218.29 $1,431.09 $2,649.39
15 $84,647.36 $1,238.60 $1,410.79 $2,649.39
16 $83,408.76 $1,259.24 $1,390.15 $2,649.39
17 $82,149.52 $1,280.23 $1,369.16 $2,649.39
18 $80,869.29 $1,301.57 $1,347.82 $2,649.39
19 $79,567.72 $1,323.26 $1,326.13 $2,649.39
20 $78,244.46 $1,345.31 $1,304.07 $2,649.39
21 $76,899.15 $1,367.74 $1,281.65 $2,649.39
22 $75,531.41 $1,390.53 $1,258.86 $2,649.39
23 $74,140.88 $1,413.71 $1,235.68 $2,649.39
24 $72,727.17 $1,437.27 $1,212.12 $2,649.39
25 $71,289.91 $1,461.22 $1,188.17 $2,649.39
26 $69,828.68 $1,485.58 $1,163.81 $2,649.39
27 $68,343.11 $1,510.34 $1,139.05 $2,649.39
28 $66,832.77 $1,535.51 $1,113.88 $2,649.39
29 $65,297.26 $1,561.10 $1,088.29 $2,649.39
30 $63,736.16 $1,587.12 $1,062.27 $2,649.39
31 $62,149.04 $1,613.57 $1,035.82 $2,649.39
32 $60,535.47 $1,640.46 $1,008.92 $2,649.39
33 $58,895.01 $1,667.80 $981.58 $2,649.39
34 $57,227.20 $1,695.60 $953.79 $2,649.39
35 $55,531.60 $1,723.86 $925.53 $2,649.39
36 $53,807.74 $1,752.59 $896.80 $2,649.39
37 $52,055.14 $1,781.80 $867.59 $2,649.39
38 $50,273.34 $1,811.50 $837.89 $2,649.39
39 $48,461.84 $1,841.69 $807.70 $2,649.39
40 $46,620.15 $1,872.39 $777.00 $2,649.39
41 $44,747.77 $1,903.59 $745.80 $2,649.39
42 $42,844.17 $1,935.32 $714.07 $2,649.39
43 $40,908.85 $1,967.57 $681.81 $2,649.39
44 $38,941.28 $2,000.37 $649.02 $2,649.39
45 $36,940.91 $2,033.71 $615.68 $2,649.39
46 $34,907.21 $2,067.60 $581.79 $2,649.39
47 $32,839.61 $2,102.06 $547.33 $2,649.39
48 $30,737.54 $2,137.10 $512.29 $2,649.39
49 $28,600.45 $2,172.71 $476.67 $2,649.39
50 $26,427.73 $2,208.93 $440.46 $2,649.39
51 $24,218.81 $2,245.74 $403.65 $2,649.39
52 $21,973.07 $2,283.17 $366.22 $2,649.39
53 $19,689.90 $2,321.22 $328.16 $2,649.39
54 $17,368.67 $2,359.91 $289.48 $2,649.39
55 $15,008.76 $2,399.24 $250.15 $2,649.39
56 $12,609.52 $2,439.23 $210.16 $2,649.39
57 $10,170.29 $2,479.88 $169.50 $2,649.39
58 $7,690.41 $2,521.21 $128.17 $2,649.39
59 $5,169.19 $2,563.24 $86.15 $2,649.39
60 $2,605.96 $2,605.96 $43.43 $2,649.39

What is the auto loan?

An auto loan is a loan that is borrowed for purchasing a vehicle. It is typically structured as installments and secured by the value of the vehicle being purchased. Basically auto loan includes two distinct parts they are the principal and the interest. The principal is the amount borrowed and it is determined by the value of the vehicle. Based on the vehicle and dealers the downpayment may be required or may not be. The larger the downpayment is lower the principal. The interest is the amount of money the lender is charging the borrower on the top of the amount borrowed. Interest is expressed as the interest rate that is a certain percentage of the principal over a particular period of time.  

Fees paid for the auto loan:

The different fees paid for purchasing the vehicle. Purchasing the car usually come with the cost other than the purchasing cost. The car buyers with lower credit scores have to pay the hefty fees upfront.

  • Sales tax: Most countries collect sales tax for auto purchase.
  • Document fees: This fee is collected by the dealer for processing the documents and registration.
  • Tile and registration fees: This fee is collected by the government for title and registration.
  • Advertising fee: This fee is collected by the regional dealer for promoting the manufactures.
  • Destination fee: This fee is charged for shipping of vehicle from plant to the dealers.
  • Insurance: The insurance paid for the vehicle.

Reasons to buy a vehicle:

  • If you have money to make a downpayment (20% or more)
  • If you like to trade the vehicle.
  • If you want to establish partial equity.
  • If you prefer to own a vehicle.
  • To travel long distance without mileage restriction.

The components included in the auto loan calculator:

Auto price: The price of the vehicle.

Loan term: The time period of loan payment.

Interest rate: The percentage rate of interest to be paid.

Downpayment: The downpayment made while purchasing.

Trade-in-value: The trade-in-value of the vehicle.

State: The state that the vehicle is purchased.

Sales tax: The tax paid on the vehicle.

Title, registration and other fees: The fees paid for the registration etc.

This particular calculator helps you to calculate the accurate value of the auto loan. It is very easy to use and you get the accurate total.