Please Note: The results of this loan payment calculator are for comparison purposes only. They will be a close approximation of actual loan repayments if available at the terms entered from a financial institution. This is being provided for you to plan your next loan application. To use, enter the values for the Loan Amount (i.e. purchase price, tax, title, plate, ancillary products, etc.), the Loan Term in Months, and the estimated Interest Rate. Once you've filled in these values, click the "Calculate" button to get your estimated Monthly Payment. Generally speaking, your payment should be less than 25% of your gross monthly income.
Now that you've got your payment budget calculated, you can move forward with a loan application if you're ready!