Car Loan Calculator
| Enter Loan Data: |
|---|
| Car Price | |
| Annual Interest Rate | |
| Loan Duration | |
| Down Payment | |
| Discount on the car | |
| Trade-in Value | |
| Leftover at Trade-in | |
| Add Fees and Taxes to | |
| Registration Fees | |
| Sales Tax Rate |
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Monthly Payment: $994.37 |
| Pay Upfront | $6,080.00 |
| Total Loan | $60,000.00 |
| Total interest | $11,594.88 |
| Sales Tax Amount | $4,080.00 |
| Total of 72 Payments | $71,594.88 |
| Loan Distribution |
|---|
| Loan Balance, Interest Payments |
|---|
Monthly amortization schedule ↑
| Year | Opening balance | Interest | Principal | Ending balance |
|---|---|---|---|---|
| Year 1 | $60,000.00 | $3,366.99 | $8,565.48 | $51,434.52 |
| Year 2 | $51,434.52 | $2,838.69 | $9,093.79 | $42,340.73 |
| Year 3 | $42,340.73 | $2,277.81 | $9,654.67 | $32,686.06 |
| Year 4 | $32,686.06 | $1,682.33 | $10,250.15 | $22,435.91 |
| Year 5 | $22,435.91 | $1,050.12 | $10,882.36 | $11,553.56 |
| Year 6 | $11,553.56 | $378.92 | $11,553.56 | $0.00 |
Cite as followed:
Zemtsov, I. "Car Loan Calculator". Publicalculator.com, 25 August 2024. Published at: https://publicalculator.com/car-loan-calculator. Accessed: Nov 21, 2024.
