Car Loan Calculator

Vehicle Price ($):

Down Payment ($): Recommended: 20% = $6,000

Trade-In Value ($):

Annual Interest Rate (%):

Loan Term (months):

Sales Tax (%):

Other Fees ($): Registration, documentation, etc.

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Car Buying Tips

Aim for 20% down payment to avoid being underwater
Keep loan term to 60 months or less
Monthly payment should be no more than 15-20% of your monthly income
Consider total cost of ownership: insurance, maintenance, fuel