Calculate the amount that you will pay every month for your new car when taking a car loan.
How to use this online calculator: Enter the amount of the car loan in USD, enter the loan period in months, inter the interest rate in percent and click “Calculate” to use the calculator.
This online buy car calculator will help you calculate your monthly payment amount for any type of car loan. The amount of the car loan is usually the cost of the car – for example 20000 minus your advance payment for example 5000 = car loan of 15000.
How this online calculator works:
Car Loan Payment Formula:
Car Payment = PMT( Interest Rate, Number of Payments, Loan Amount, 0)