Great Job! After doing all your homework and research you've picked out your new car, negotiated
the best car deal you could and have received the best price for your trade. Now what do you do next?
Remember there are three transactions here. You're buying a car, selling your trade (if you have one or have not
sold it yourself) to the dealer, and buying money, the money you need to pay for your new dream car. Next
you want to get the best auto loan rate.
Auto Loan Calculator
Before you visit your local dealer it pays to establish a budget and decide what amount of monthly auto loan
payment you can afford. You can use our auto loan payment calculator to do this.
You must keep in mind you are not just shopping for a new or used car. You are also shopping for the
best auto loan. Using our auto loan calculator will help you determine what your payment should be. Many
dealers will quote you a payment higher than it should be so they can easily add extras on later.
Most consumers already have some idea what their credit rating is like. If not this is the first thing you
need to find out. You can request a free credit report online. Your credit score is determined by many things
such as: recent inquires, total debt, total available credit, age of accounts, number of accounts and of course
late payments. Remember your credit score will determine the interest rate that you will pay and this
will have a great impact on your final monthly auto loan payment.
Use our auto loan calculator below. Be realistic about your rate. If you need vehicle financing for poor
credit, your not likely to get those super low rates that you see advertised.
Auto Loan Calculator
Disclaimer: The accuracy of the results is not guaranteed and its applicability to your circumstances. You should obtain
personal advice from qualified professionals.
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