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Low Interest Auto Loan Savings Calculator

(more calculators)

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 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.

This Financial Calculator requires SUN's Java™ Plug-in. If you see this message you will need to download SUN's Java™ Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing “Install ActiveX Control”.

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For more information about this Plug-in please visit: SUN's Java™ Plug-in
For more information these financial calculators please visit: Financial Calculators from KJE Computer Solutions, LLC

Definitions

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.

Latest Auto Loans Articles

Ultimate guide to auto financing
Auto financing options include dealer and bank or credit union loans, leasing, and direct loans from auto sellers. Car loans have changed due to this economic downturn and it is important to understand them. Note, that some financing options change during a down economy. Here's more of what you need to know. Read more

Gap insurance explained
Gap insurance is often overlooked and sometimes misunderstood. Should your newer auto suffer a terminal accident or theft, gap insurance will pay off your loan if your balance is more than the value of your car. Here is a simple example that should explain how gap insurance works. Read more

Understanding the Truth in Lending Act
Enacted in 1968, The Truth in Lending Act came into being for the sole purpose of keeping borrowers from falling victim to predatory lenders. The law mandates that lenders are responsible for making sure that consumers are aware of what they are agreeing to when they borrow money. Read more

Pros and cons of auto leasing
When is leasing a car a good idea? Can it really save you money or will it cost you more in the long run? Leasing a car can be a wise decision in certain circumstances. Just like any other financial decision, however, it is vitally important to weigh the costs versus the benefits before signing on the dotted line. Read more

:: More Auto Loans Articles

Latest Auto Loans Tips

Always avoid late payments
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

Six reasons to use automatic payments
If you haven't signed up for automatic payments for regular monthly bills, here are six reasons you should. Read more

:: More Auto Loans Tips

Auto Loans FAQs

:: More Auto Loans FAQs

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.

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