Free Auto Loan Calculator
Using this nice tool, you can see how exactly your auto loan will be repaid. You just need to enter some basic data and click on the "Calculate" button. After this you will see a nice table - repayment plan - of your loan and some more information about it like:
Loan amount: --- Num payments:
Annual Rate: --- Monthly Rate:
Monthly Payment: --- Total Paid:
Total Interest:
If you have any issues using this calculator, please check the more detailed instructions below.
How to Use the Auto Loan Calculator
1. Enter the total amountof your auto loan.
2. Enter the number of payments - if your loan is for 4 years, your payments would be 48.
3. Enter the interest rate for your loan - (ex. 8.5% = 8.5)
That is it! now hit the calculate button and see a nice repayment plan of your autop loan. Use the scroll to see it, also you can copy it and paste it in Excel. To do this you have to select all the data in the payment plan, copy it and then paste it in new sheet in Excel.
Here you can find another version of this calculator, if this one is not working for some reason:
businessideaslab.com/business-loans-calculator
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