It happens to everyone at some point in life. As soon as you know you can't cover all of the bills due, make a priority list. Read more
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Low, promotional interest rates can save you a great deal of money when you finance your car or truck. Not only are your monthly payments lower, but your total interest payments can be significantly less. This auto loan savings calculator is designed to allow you to compare three different auto financing options. Use it to help find the best monthly payment and how much interest you could save.
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Balance to finance Total amount you wish to finance with a loan. This is the total balance after taking into account taxes or fees. This doesn't include your down payment or trade-in amounts. These amounts should be entered in the down payment field. Net leased amount Total amount you wish to have leased. This is the balance after taking into account any fees or taxes. This doesn't include your down payment or trade-in amounts. These amounts should be entered in the down payment field. Interest rate (APR) The Annual Percentage Rate charged for this loan or lease. Down payment (cash+trade-in) This is the total cash down payment for this purchase or lease. If you are applying a trade-in amount to your financing, include it here. Term in months The total number of months you wish to finance your automobile. The minimum term is 12 months, the maximum term is 120 months. Residual percentage For leases, this is remaining value of your vehicle after the lease term expires. The higher this amount, the lower your lease payment will be. |
| Note: This information is for general use only. Use this information as part of a full research process. General financial advice does not always apply directly to individual financial matters. Please consult a financial expert with specific and complex questions about your individual situation. |
This auto loan savings calculator is just one of more than 30 personal finance calculators that we offer to consumers to help make knowledgeable decisions in all-important financial situations. Please use the auto loan savings calculator as part of a thorough research process. For more news, advice and resources, visit our knowledge center.
It happens to everyone at some point in life. As soon as you know you can't cover all of the bills due, make a priority list. Read more
When purchasing a new car, if you're presented with an option of choosing either a manufacturer rebate on the vehicle or a low interest rate on the financing for the vehicle, consider yourself lucky. Read more
