Use this calculator to calculate loan details when the down payment is expressed as an amount.
Unlike a general loan calculator, this calculator allows for two unknown values. In addition to solving for the
monthly payment amount, it will also calculate the "Price of the Car", the "Down Payment
Amount" or the "Amount of the Loan". Just enter a "0" (zero) for one of the three
values and provide the other two.
Note that the calculator calculates what percentage the down payment is of the price of the car. This is handy
when a lender requires a borrower to provide a minimum percentage cash deposit.
The term (duration) of the loan is expressed as a number of months.
60 months = 5 years
120 months = 10 years
180 months = 15 years
240 months = 20 years
360 months = 30 years
If you need the ability to print the amortization schedule, or more flexibility such as selecting different
payment or compounding frequencies or the ability to calculate term or interest rate, please see the auto loan
calculator here: https://financial-calculators.com/auto-loan-calculator
Currency and Date Conventions
All calculators will remember your choice. You may also
change it at any
time.
Clicking
"Save changes" will cause the calculator to reload. Your
edits will be
lost.
