This auto loan calculator - is a tool that can be used to determine the monthly instalments that must be paid in order to pay off a loan, used to purchase an auto, within a certain period of time. The car payment calculator takes into consideration price of the vehicle, loan term, interest rate and repayments start date (for general loan, use Amortization-Calc's loan calculator). The tool can help a person decide whether he/she can afford to take out the loan and whether he/she should consider paying more per monthly instalment. Doing so will decrease the total amount of time taken to pay off the auto loan, thus decreasing the total cost.

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This car loan calculator should only be used to estimate your repayments since it doesn't include taxes or insurance.
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