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Car Loan Calculator excel is used to calculate your monthly or biweekly car loan payment. Auto loan calculator with trade in and sales tax has options for down payment, bi-weekly payment options and to show monthly and yearly amortization. The car loan amortization schedule with extra payments is exportable to excel and pdf, and you can view the amortization chart online. The only required fields are vehicle price, loan terms and interest rate, all other fields are optional, you can simply leave them as 0. You have the option to include sales tax and other fees in your loan.
That car loan calculator has a printable car loan amortization schedule excel that you can print, share or save as pdf.
The auto loan calculator with amortization chart is available for the Play Store. You can install the auto loan calculator app for free if you have an Android phone or device.
If you want to payoff your loan faster, you can considered using extra payment or making biweekly payment. Simply select the bi-weekly payment option to use the tool as a biweekly auto loan calculator. Biweekly payment allows you to make one extra payment each year than monthly payment, and hence you will be able to payoff your auto loan faster and save some money on interest. Additionaly, you can choose to pay an one time extra payment or recurring payments to reduce your principal and payoff your loan quicker.
Following are the auto loan terms
Vehicle Price - the purchase price of the vehicle or car value. Down Payment - how much are you putting down as your initial payment for your car. Loan Payment - how much loan are you applying for to finance the car. Loan Terms - how many years are you going to payoff your car loan. The most common auto loan terms are 2-7 years. Interest Rate - the annual interest rate for your auto loan. Interest rate may vary depending on your credit score. A good credit score will get you a lower interest rate and save a lot of money in interest payment. Payment Frequency - how often are you making your payments. The default is monthly payment. You can choose biweekly payment to payoff your loan faster. Trade in Value - do you have an old car that you can trade in with? This will reduce your payment for your new card. Other Fees - list any other costs and fees associated in buying the car. First Payment Date - if today is not the date of your first payment, you can choose any other date as the date that you will start to make payments. Amortization Schedule - you have the option to show your monthly amortization schedule, or group them by year. Include all fees into loan - check this checkbox if you wish to include all other costs and fees into the loan. Extra Payment - you can choose to make extra payments for your car loan.
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