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EZ Auto Loan Calculator is the official home of the Car Payment Calculator and the "How Much Car Can I Afford Calculator?" The Car Payment Calculator tells you in an instant how much your payment on any borrowed amount will be when you enter in the interest rate of the loan and the length of the loan. Also, this calculator will tell you how much you will have paid for the car after you have paid it off in full and assuming you have made all your payments on time. Of course, if there are late charges involved, the calculator will not calculate for this.

The "How Much Car Can I Afford Calculator?" Will tell you how much you will be able to spend on an automobile once you tell the calculator the amount of the monthly payment you can afford, the interest rate at which you believe you will be getting a loan and the length of the loan. Also, you will tell the calculator how much money you will put down on the car or if you have a trade-in, how much money you will get for the trade-in. Of course, you may have a down payment and a trade in. In this case, you can combine the two amounts in the down payment box.

For instance, you may have $1,000 to put down on the car and the dealer mayAutomible Happiness tell you that you can trade in your car for $1,500. In this case, you will enter $2,500 in the box. After this you will click the "Click Here to Calculate" button and the calculator will tell you exactly how much car you can afford.

Of course, you can play with the numbers and see the different answers you would get if you tweak the amount you would be able to pay each month and the amount you may be able to get together for a down payment. Also, you will be able to see the difference in how much car you would be able to purchase if you were able to get a lower interest rate. Conversely, you will be able to tell how much you may be hurt by a rising interest rate.

In short, EZ Auto Loan Calculator is great when you are just thinking about getting a new car. Even if you are not sure you can afford one, this car loan calculator will give you a good idea when you use the How Much Can I Afford Calculator? However, if you are pretty sure you want to buy a particular vehicle, by using The Car Loan Calculator will find out what your monthly payment will be.

Bear in mind that if you are buying from a dealer, there are sometimes hidden charges for extra warrantees and stuff of this nature. So, you should probably figure on your payment being a little bit higher than the answer the calculator gives you. However, if you are buying through a private sale and getting a car loan through your credit union, for instance, the car loan calculator will tell you exactly what your monthly payment will be when you tell it the amount you need to finance, the interest rate you will be getting and how much time you will need to pay off the car loan.


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