Low Interest Financing Savings
Low, promotional interest rates can save you a great deal of money when
you finance your car or truck. Not only are your monthly payments lower,
but your total interest payments can be significantly less. This calculator
is designed to allow you to compare three different auto financing options.
Use it to help find the best monthly payment and how much interest you
could save.
Definitions
Balance to finance
Total amount you wish to finance with a loan. This is the
total balance after taking into account taxes or fees. This doesn't include
your down payment or trade-in amounts. These amounts should be entered in the
down payment field.
Net leased amount
Total amount you wish to have leased. This is the balance
after taking into account any fees or taxes. This doesn't include your down
payment or trade-in amounts. These amounts should be entered in the down payment
field.
Interest rate (APR)
The Annual Percentage Rate charged for this loan or lease.
Down payment (cash+trade-in)
This is the total cash down payment for this purchase
or lease. If you are applying a trade-in amount to your financing, include
it here.
Term in months
The total number of months you wish to finance your automobile.
The minimum term is 12 months, the maximum term is 120 months.
Residual percentage
For leases, this is remaining value of your vehicle after
the lease term expires. The higher this amount, the lower your lease payment
will be.
Information and interactive calculators are made available to you as self-help
tools for your independent use and are not intended to provide investment advice.
We can not and do not guarantee their applicability or accuracy in regards
to your individual circumstances. All examples are hypothetical and are for
illustrative purposes. We encourage you to seek personalized advice from qualified
professionals regarding all personal finance issues.
