If you enter "0" for the price of the car, a down payment amount, "0" for the amount of loan, the total periods, the interest rate and the payment you can afford, the calculator will calculate the amount of the loan and the price you can afford to pay for the car. If you enter the loan amount and "0" for the down payment amount, then the calculator will calculate how much down payment you need. When you click on "Calc," the amount of the loan and the monthly payment will be calculated. ![]() You can enter the car price, the down payment amount available, the total number of periods, and the interest rate. To indicate an unknown value, enter "0" (zero). Unlike our general loan or simple loan calculators, this calculator will allow you to have more than one unknown value in some instances. (Use this site's mortgage calculator if you need to show the down payment as a percentage.) You should use this calculator if you want to express the down payment as an amount. It can be a useful tool whenever money is borrowed to purchase an item requiring a down payment. This auto loan calculator is not limited to solving car loan problems, of course. It calculates a mortgage payment of course but also the estimated appreciated value of the property and the potential income tax benefits of having a mortgage. Related: You may also like the Mortgage Calculator.
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