Automobile Calculator

This calculator assumes a fixed rate loan. Please complete all fields to perform the calculation. Please check with your bank before making a decision on the basis of this calculator, since your bank may use a different method of calculating the interest and payment. Estimates may vary due to additional dealer costs, taxes, or other regulatory fees.

Trade-In Value of Current Vehicle
$

Downpayment on New Vehicle
$

Dealer Price of New Vehicle
$

Annual Interest Rate
%

Payment Term (in months)

	Beginning Balance	Payment	Interest	Principal	Ending Balance
1	$13000.00	$ 584.99	$ 81.25	$ 503.74	$12496.26
2	$12496.26	$ 584.99	$ 78.10	$ 506.89	$11989.36
3	$11989.36	$ 584.99	$ 74.93	$ 510.06	$11479.30
4	$11479.30	$ 584.99	$ 71.75	$ 513.25	$10966.05
5	$10966.05	$ 584.99	$ 68.54	$ 516.46	$10449.60
6	$10449.60	$ 584.99	$ 65.31	$ 519.68	$ 9929.91
7	$ 9929.91	$ 584.99	$ 62.06	$ 522.93	$ 9406.98
8	$ 9406.98	$ 584.99	$ 58.79	$ 526.20	$ 8880.78
9	$ 8880.78	$ 584.99	$ 55.50	$ 529.49	$ 8351.29
10	$ 8351.29	$ 584.99	$ 52.20	$ 532.80	$ 7818.49
11	$ 7818.49	$ 584.99	$ 48.87	$ 536.13	$ 7282.36
12	$ 7282.36	$ 584.99	$ 45.51	$ 539.48	$ 6742.88
13	$ 6742.88	$ 584.99	$ 42.14	$ 542.85	$ 6200.03
14	$ 6200.03	$ 584.99	$ 38.75	$ 546.24	$ 5653.78
15	$ 5653.78	$ 584.99	$ 35.34	$ 549.66	$ 5104.12
16	$ 5104.12	$ 584.99	$ 31.90	$ 553.09	$ 4551.03
17	$ 4551.03	$ 584.99	$ 28.44	$ 556.55	$ 3994.48
18	$ 3994.48	$ 584.99	$ 24.97	$ 560.03	$ 3434.45
19	$ 3434.45	$ 584.99	$ 21.47	$ 563.53	$ 2870.92
20	$ 2870.92	$ 584.99	$ 17.94	$ 567.05	$ 2303.87
21	$ 2303.87	$ 584.99	$ 14.40	$ 570.60	$ 1733.27
22	$ 1733.27	$ 584.99	$ 10.83	$ 574.16	$ 1159.11
23	$ 1159.11	$ 584.99	$ 7.24	$ 577.75	$ 581.36
24	$ 581.36	$ 584.99	$ 3.63	$ 581.36	$ 0.00
TOTALS		$14039.87	$ 1039.87	$13000.00

Based on a 365 day year, simple interest loan.
Slight variations may occur due to loan structure or calendar year basis.

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