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Auto Loan Calculator 1.0

Download now 0.10MB

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Date added

January 28, 2010

Developer

Vertex42 | (more products)

All time downloads

930

License

Free

Platform

Windows

Description of Auto Loan Calculator 1.0

Calculate the overall cost of purchasing a car

Use the Auto Loan Calculator worksheet to calculate the amount you will need to finance, based on the sales price of the car, destination charge, fees, sales tax, down payment, cash rebate, and trade-in value of an older auto. Use the Payment Calculator worksheet to create an amortization table based on the auto loan amount, annual interest rate, term of the loan, and payment frequency. See how making extra payments can help you pay off your car loan early and reduce the amount of total interest paid.

The third worksheet (Loan Comparisons) takes the inputs from the loan payment calculator and creates graphs showing you how different interest rates, number of payments, or the amount of down payment affect the monthly payment and total amount of interest.