CreditGUARD Auto Loan Calculator
Instructions:  (Note: Please replace the sample data with your own.)
  1. Decide whether you want to Determine a Monthly Payment or Purchase Price.
  2. Select either "Monthly Payment" or "Purchase Price".
  3. Enter all applicable data and click "Calculate".
  4. Click "Report" to view your results.
This Financial Calculator requires a Browser with Java Support

Enter your payment - and let us calculate how much automobile you can afford! Based on your desired monthly payment, this calculator helps you determine how much automobile you can purchase.

Definition of Terms
Monthly payment Monthly payment for this loan
Interest rate Annual interest rate for this loan
Term Number of months for this loan
Cash down Total amount of cash used in this purchase
Trade allowance Total dollar amount given on your trade-in
Amount owed on trade Total loan balance still outstanding on the trade-in
Fees (optional) Any additional fee charged for title transfer, or any other fees that may be due at delivery.
Sales tax rate Sales tax percentage rate charge on this purchase.
Total down Net amount available as a downpayment. This is your cash down, plus your trade-in, minus any outstanding loan balance on your trade-in.
Net trade in Net amount for trade in applied to your purchase
Qualifying income Minimum monthly income range required to qualify for this loan payment.
Sales price Total price for this car
Sales tax Total amount of sales tax on this purchase.
Loan amount Total amount of your auto loan.
Information and interactive calculators are made available to you as self-help tools for
your independent use. We can not and do not guarantee their accuracy or their applicability
to your circumstances. We encourage you to seek personalized advice from qualified professionals
regarding all personal finance issues.
 
800-500-6489 • CreditGuard of America • www.creditguard.org