![]() ![]() ![]() Be sure to consult a financial professional prior to relying on the results. This is not an illustration of current TruWest Credit Union products and offers. The information provided by these calculators are approximations and is intended for illustrative and general educational purposes only. Taxable fees – These are additional fees subject to sales tax, such as title transfer fees.Non-taxable fees – These are the additional fees on the purchase that are not taxable.Both interest rates and APR are expressed as percentages. The total cost for borrowing, including fees (e.g., loan origination fee), is known as the annual percentage rate (APR). Interest rate – This is the cost you pay annually for borrowing the money, excluding additional fees. ![]() In the latter case, the tax is calculated based on the purchase price less the trade-in amount. Some states calculate sales tax on the total purchase price, while others do not charge sales tax on the trade-in amount. Sales tax rate – The sales tax charged for the purchase is expressed as a percentage.The purchase’s outstanding balance is also the amount owed on trade. Trade allowance – This is the amount offered for a vehicle you trade-in as part of the purchase.The higher the cash down amount, the lower the financing required. Cash down – This is the partial payment amount made at the purchase time.A longer-term translates into smaller monthly payments, but the longer you stretch the duration, the more interest you pay. Term – This is the length of the loan, expressed in months.Total purchase price – This is the total vehicle cost, usually excluding the sales tax.Monthly payment – This is the monthly installment you pay for the loan.If you need the ability to print the amortization schedule, or more flexibility such as selecting different payment or compounding frequencies or the ability to calculate term or interest rate, please see the auto loan calculator here: Ĭancel Save changes Auto Loan Payment Calculator Results Explained The term (duration) of the loan is expressed as a number of months. This is handy when a lender requires a borrower to provide a minimum percentage cash deposit. Note that the calculator calculates what percentage the down payment is of the price of the car. Just enter a "0" (zero) for one of the three values and provide the other two. In addition to solving for the monthly payment amount, it will also calculate the "Car Price", the "Down Payment Amount" or the "Loan Amount". Unlike a general loan calculator, this calculator allows for two unknown values. NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, JPMORGAN CHASE BANK, N.A.Use this calculator to calculate loan details when the down payment is expressed as an amount.NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY.Insurance services are provided through First Republic Securities Company, DBA Grand Eagle Insurance Services, LLC, CA Insurance License Brokerage services are offered through First Republic Securities Company, LLC, Member FINRA/ SIPC. and First Republic Trust Company of Delaware LLC and First Republic Trust Company of Wyoming LLC, both wholly owned subsidiaries of JPMorgan Chase Bank, N.A. Trust and Fiduciary services are offered through JPMorgan Chase Bank, N.A. Investment Advisory services are provided by First Republic Investment Management, Inc. Past performance is not a guarantee of future results.įirst Republic Private Wealth Management encompasses First Republic Investment Management, Inc., an SEC-registered Investment Advisor, First Republic Securities Company, LLC, Member FINRA / SIPC, First Republic Trust Company of Delaware LLC and First Republic Trust Company of Wyoming LLC, which are affiliated companies under the common control of JPMorgan Chase & Co. Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved. Deposit products and related services are offered by JPMorgan Chase Bank, N.A. ![]()
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