Car Loan Dealers

Get A Free Car Loan Calculator Online
By Terje Ellingsen

With a car loan calculator you'll got a valuable tool. You can
apply an auto loan calculator in three very useful ways;

1. determine a car loans total costs
2. determine your estimated monthly car loan payments
3. find the right auto financing alternatives for you.

A loan calculator is available for free on many loan websites.
It contains a few fields like the loan amount, interest rate,
payback time etc. All you have to do is to fill in these few
cells of information and in a second you'll have a report about
how much the car loan will cost you in total as well as your
monthly payments. In such a loan calculator you'll virtually
have the full control of the operations as well as your input.
You can type in and change the values in any of the fields to
check different financing scenarios. And this is a great
feature when comparing offers from different auto lenders. Most
of the loan calculators are user friendly loan amortization
software.

As I said before, many online car lender websites provide a
vehicle loan calculator which you can use for free. Be aware
though that this is a part of the promotion of their own loans
and that the rates they give or input as default is not the
same as a loan quote. Therefore you should use this calculator
as a guidance only before you have received any auto loan
offers. However what you can do, while at the same time being
very useful is to simulate different financial situations by
manipulating or changing the various values of the calculator's
fields. Let's say that you want to pay your car loan off in as
short a time as possible. Then you can see how much you have to
pay per month and compare this with the maximum amount you can
pay for different levels of interest rates. If you have very
little money right now, you can choose the max pay back time
and see how little you have to pay per month at different
interest rate levels, and thus see if you are able to take a
loan at all right now. Later when your financial situation has
changed you can adjust the pay back time for the loan.

After you have been searching on the internet, applied for a
few car loans and received a few offers from various vehicle
lenders, you can use the loan calculator to compare the
different offers. You can even get a special comparison vehicle
loan calculator. You now know the quotes from the various loan
companies and this will therefore be a reliable comparison and
it will also show your pay back plan with the monthly amounts
exactly. This assures you that

* you do not have to pay more than you are able to
* you choose the best loan
* you can negotiate with other lenders when you already are
backed with a good loan offer - if that is what you want

When you choose a vehicle loan calculator make sure it make it
allows you to put in all the necessary information to calculate
the real cost of the loan which means that all kind of fees and
provisions are covered. It should also include options for
extra, skipped and late payments as well as lump sum payments.
Graphs are nice to have but not necessary. An export facility
of data to HTML or CSV is a very useful feature though.
Although most loan calculators are free, some offer a paid
upgrade or free trial versions for more advanced features.

About the Author: Terje Brooks Ellingsen is an internet
publisher. He runs the website
http://www.cheap-used-cars.w-eland.com Terje helps people with
automotive and financial issues like car loans, see
http://www.cheap-used-cars.w-eland.com/used_car_loans.htm and
car insurance online, see
http://www.cheap-used-cars.w-eland.com/cheap_car_insurance.htm

Source: http://www.isnare.com