Promoted products are not a recommendation, an indication a product is the best in its category, nor represent all products in the market. Our 'promoted' products are presented as a result of a commercial advertising arrangement or to highlight a particular feature. Once you’ve found a lender you like, follow their specific directions for applying for an auto loan. You can get started by using our comparison table. Even if they don’t, it doesn’t hurt to visit a few dealerships to compare your options.Īfter you’ve found a car that you like, research lenders that are willing to finance the particular car you’re interested in buying - some have restrictions on models, makes and mileage if you’re getting a used car. Some lenders require that you have a car picked out before you apply. If you’re trying to figure out how much you can afford to borrow, use the loan amount, term and interest rate as a guide for finding a car and a corresponding loan that you can afford. If you wanted to know your car loan monthly payment based on an offer from a lender, you might want to pre-qualify with a few more lenders to find out if you can get a better deal. It depends on why you used this calculator. I calculated my car loan monthly payment. Total interest is the amount you would pay on top of the principle - the cost of having your loan. The principle amount is the amount that you borrowed and should be equal to your loan amount. In addition to your monthly payment, this car loan calculator shows how much you’d pay on your loan’s principle amount and how much you’d pay overall in interest. If your car loan comes with fees, enter the annual percentage rate (APR) instead.
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