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Auto Loan Calculator, auto financing calculator.#Auto #financing #calculator


Auto Loan Calculator

Auto financing calculator

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The Auto Loan Calculator considers the most vital factors in order to calculate auto loan information. It assumes that the full purchase price is accounted for whether as down payment or part of the loan, along with any fees involved. If only the monthly payment for any auto loan is given, use the Monthly Payments tab (reverse auto loan) to calculate the actual vehicle purchase price and other auto loan information.

Important: Tax and fee procedures apply to car purchases within the US only. Foreigners may still use the calculator, but please adjust accordingly.

There are different definitions for different prices when it comes to car buying such as MSRP (manufacturer’s suggested retail price), selling price, blue book price, and dealer price. For any recently purchased or sold car, input the final selling price as the “Auto Price” figure. For hypothetical loans involving cars not being bought or sold, use blue book prices to arrive at close estimates for the values of the cars.

Purchases of cars usually come with costs other than the purchase price. Car buyers with low credit scores might be forced to pay the hefty fees upfront. The following is a list of common fees associated with car purchases in the US.

  • Sales Tax Most states in the US collect sales tax for auto purchases.
  • Document Fees This is a fee collected by the dealer for processing documents like title and registration. Typically, they run between $150 and $300.
  • Title and Registration Fees This is the fee collected by states for vehicle title and registration. Most states charge less than $300 for title and registration.
  • Advertising Fees This is a fee that the regional dealer pays for promoting the manufacturer’s automobile in the dealer’s area. If not charged separately, advertising fees are included in the auto price. A typical price tag for this fee is a few hundred dollars.
  • Destination Fee This is a fee that covers the shipment of the vehicle from the plant to the dealer’s office. This fee is usually between $600 and $1,000.
  • Insurance In the US, auto insurance is strictly mandatory to be regarded as a legal driver on public roads and is usually required before dealers can process paperwork. When a car is purchased via loan and not cash, full coverage insurance is mandatory. Auto insurance can possibly run more than $1,000 a year for full coverage. Most auto dealers can provide short-term (1 or 2 months) insurance for paper work processing so new car owners can deal with proper insurance later.

Important: If the fees are bundled into the auto loan, remember to check the box ‘Include All Fees in Loan’. If they are paid upfront instead, leave it unchecked.

Quick Tip 1: Should an auto dealer package any mysterious special charges into a car purchase, please demand justification and thorough explanations for their inclusion. This is not to say that well-intentioned car salesmen don’t exist, but there is a reason why this particular group of people get a bad rap as some of the most untrustworthy and scheming around. After all, their mission is to squeeze as much profit out of a potential car selling scenario as possible.

Auto Loans

Many people cannot afford to purchase cars with straight cash, so they turn to auto loans instead. They work as any generic, secured loan from a financial institution does with a typical term of 36 or 60 months. Each month, repayment of principal and interest must be paid to auto loan lenders from borrowers, excluding other mandatory fees and taxes (unless they have been intentionally included into the loan). Money borrowed from a lender that isn’t paid back can legally entitle a car to being repossessed.

Direct Lending vs. Dealership Financing

There are two financing options available: direct lending or dealership financing. With the former, it comes in the form of a typical loan originating from a bank, credit union, or financial institution. Getting pre-approved through a credit union is usually the best option and offers the lowest rates, especially for lifelong, good standing members.

Quick Tip 2: To aid ability to negotiate the best deals, take steps towards achieving healthier credit scores before taking out large loans for car purchases. Free annual credit reports can be requested from one of the three credit agencies: Equifax, Experian, and TransUnion.

Once a contract has been entered with a car dealer to buy a vehicle, the loan is used from the direct lender to pay for it. Dealership financing is somewhat similar except that the paperwork is done through them instead. The contract is retained by the dealer, but is sold to a bank or other financial institution called an assignee that ultimately services the loan.

Quick Tip 3: Direct lending usually offers more flexibility because there is competition between involved lenders to offer the best interest rates to the borrower, and rates tend to be better. It also provides more leverage for someone to walk into a car dealer with most of the financing done on their terms, as it places further stress on the car dealer to compete with a better rate. Getting pre-approved doesn’t tie car buyers down to any one dealership, and their propensity to simply walk away is much higher. With dealer financing, the potential car buyer has fewer choices, though it’s there for convenience for anyone who doesn’t want to waste time shopping around.

Quick Tip 4: It can be helpful for prospective car buyers to determine how much they can afford to spend on a car and what types of cars are within their budget before actually heading to a dealership. Knowing what kind of vehicle is desired will make it easier to research and find the best deals that suits a buyer’s needs. Once a particular make and model is chosen, it can be important to have some typical going rates in mind to enable effective negotiations with a car dealer. Car dealers, like many businesses, want to make as much money as possible from a sale, but often, given enough negotiation, are willing to sell a car for significantly less than the price they initially offer. Depending on whether a buyer chooses to pay for the vehicle with monthly payments, the “Monthly Payment” tab of our Auto Loan Calculator can be used to calculate the “true” cost of the car. A monthly payment option often ends up being more expensive than buying the car outright. However, if buying the car outright is not an option, it is up to the buyer’s discretion to determine whether the need for a car sooner justifies the additional cost of making monthly payments rather than saving until a later date to avoid said monthly payments. Furthermore, although the allure of a new car is understandable, buying a pre-owned car even if only a few years removed from new can usually result in significant savings, and is an option that prospective car buyers can consider.

Trade-in Value

Don’t expect too much value when trading in old cars to dealerships as credit towards newer car purchases; exchange rates tend to float somewhere akin to auction house levels, way below blue book values. Selling old cars privately beforehand and using the funds for future car purchases tends to result in a more financially-desirable outcome. However, convenience is important for many people and they choose to simply trade them in to dealerships during new car purchases.

Within the states that collect sales tax on auto purchases, most of them collect based on the difference between the new car and trade-in price. For a $25,000 new car purchase with a $10,000 valued trade-in, the tax paid on the new purchase with an 8% tax rate is:

$25,000 – $10,000 = $15,000 8% = $1,200

This is the default method by which the Auto Loan Calculator will calculate sales tax in accordance with Trade-in Value. However, some states do not offer any sales tax reduction with trade-ins, and they are:

Using the same example above, whereas if the new car was purchased in one of the places above without a sales tax reduction for trade-ins, the sales tax would be:

This comes out to be an $800 difference, enticing more people in these places to sell cars to private parties instead.

Vehicle Rebates

Dealers may offer vehicle rebates to further incentivize buyers. When car manufacturers are pressured into getting rid of cars at lower profit margins, it can be inferred that they probably use rebates as a means of doing so.

Depending on the state, they may or may not be taxed accordingly. For example, purchasing a vehicle at $30,000 with a cash rebate of $2,000 will have sales tax calculated based on the original price of $30,000, not $28,000. Luckily, a good portion of states do not do this and don’t tax cash rebates. They are Alaska, Arizona, Delaware, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Minnesota, Missouri, Montana, Nebraska, New Hampshire, Oklahoma, Oregon, Pennsylvania, Rhode Island, Texas, Utah, Vermont, and Wyoming.

Generally, only purchases of new cars are offered rebates because of how uniform and consistent each new car is. Dealers know exactly to the cent where the breakeven point is and if they are still a wide margin over, they can incentivize a potential car buyer by offering a rebate. While some used car dealers do offer cash rebates, they are a rarity due to the difficulty of arriving at true value.

Quick Tip 5: New cars depreciate as soon as they are driven off the lot, sometimes by more than 10% of their values; this is called off-the-lot depreciation.


Auto Dealers Detail – Vehicle Auction, auto lifts for sale.#Auto #lifts #for #sale


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The Houston Police Department conducts the public auction of unclaimed vehicles in vehicle storage facilities as required by Chapter 683 of the Texas Transportation Code. A complete listing of the vehicles scheduled to be sold can be viewed at:

Location of sale

Auctions are held at the storage facilities reporting the vehicles as abandoned. A series of auctions begin daily at 8:00 a.m. at multiple locations. Auctions are held rain or shine and open to the general public. Anyone refused admittance should contact Auto Dealers.

All sales are for cash to the highest bidder. Salvage vehicles will be sold to state licensed salvage dealers only. Valid state issued ID is required to bid. Any person that purchases five or more vehicles in a calendar year will be required to have a MVD license and will not be allowed to bid on or purchase any vehicles until a license is obtained.

A: Auctions are conducted on the premises of the storage facility within a secure area. Access is provided only during the time police officers are present and the auction is in process. Auctions begin immediately upon the officers arrival and the time to inspect vehicles to be auctioned is very short. Vehicle may not be operated and you are limited to a visual inspection.

A: The time allotted to pick up the vehicle is largely at the discretion of the storage facility operator where the vehicle is sold. You are expected to take immediate possession, however each storage facility has its own policy. Making repairs or attempting to drive the vehicle from the storage area is also a matter of storage facility policy. You must make your arrangements with the storage facility operator.

A: Buyer takes the vehicle as is, where is and all sales are final.

A: The winning bidder is provided an Auction Sales Receipt by the police department. This document must be taken to a county tax office to have the tile transferred into your name. Taxes must be paid as with any other car sales transaction.

A: Only one Auction Sales Receipt will be issued for the vehicle. You must request a title hearing with the Department of Motor Vehicles to prove your ownership of the vehicle?


Used Cars For Sale – Appraisals, Used Cars – Certified Pre-Owned Vehicles, Edmunds, used cars for sale.#Used #cars #for #sale


Used Cars For Sale

Find used car inventory nearby

Appraise a used car

Research a used car

about used cars

If you’ve come here looking for a used or certified pre-owned car, truck, SUV, crossover, hatchback, hybrid or convertible, then you’re in the right place. Edmunds has everything you need to know about buying or selling a used vehicle, including Carfax vehicle history reports, dealership listings and pricing information, expert car reviews, consumer car reviews, car dealership reviews, car price comparisons, car appraisal calculators, images and videos, technical features and specs, user forums and more.

At Edmunds, you’ll be able to browse thousands of used cars, trucks and SUVs for sale with special offers, appraise your current car, and research the car, SUV or truck of your dreams. You can limit your search to certified pre-owned (or CPO) vehicles for sale and be a click away from articles by our experts that will give you the best car shopping and buying tips and advice. Let’s take a closer look at each of these aids to easier used-car shopping.

The INVENTORY tab at the top of the page allows you to browse used cars for sale from popular makes such as Ford, Honda, Toyota, Chevrolet, Hyundai, Infiniti, Acura and Subaru. The inventory tool allows you to cast a much wider net than simply visiting your local dealership’s website. Start with the make and model of the vehicle that you’re interested in. You’ll have the option to refine your search by price, distance, model year and mileage. If you’re looking for specific options or features, a certain trim level or a specific color, there are more advanced search filters available, including engine type, fuel type, drivetrain, powertrain, airbags, air-conditioning and much more. After you find the car, SUV, truck or hybrid that you’re interested in, select the listing to check out the VIN details page for that vehicle and get more information. There you’ll find a description of the vehicle from the dealer, vehicle features and options, contact information for that dealership, dealer reviews, a ballpark insurance estimate, and a link to see a Carfax vehicle history report.

The APPRAISE tab at the top of the page lets you enter your car’s basic information, odometer reading, trim level, and overall condition. Then Edmunds provides you with the True Market Value (TMV) for your used car or vehicle. Edmunds’s True Market Value or used car value is is a great starting point for negotiation of a used-car sale between a private buyer and seller. This is an “as is” value that does not include any warranties. The final sales price depends on the car’s actual condition and local market factors. You can use this used car value estimate to price your car for sale or to negotiate a trade-in for a new, CPO, or previously owned car for sale from a local dealer. The used car value estimate is also useful for assessing retail pricing at a car dealer. You can try it out by clicking the “APPRAISE” tab, above. Once you enter your vehicle details, you will receive three estimates for your used car’s value: “Trade-in” is what you can expect a dealer to offer you for your used car; “Private Party” is what you might expect to earn if you sold the pre-owned vehicle yourself; and “Dealer Retail” is what you might expect to pay if you were buying this used model used at a dealership. If the vehicle is new enough, you’ll also see a price that says “Certified Used Price.” This price estimates what the dealership might sell it for as a certified pre-owned vehicle.

The RESEARCH tab points you to our expert analysis of the make and model of the car you select. You can read our editors’ reviews and learn about each generation of the vehicle you’re interested in. From there, you can narrow the focus of your car buying research by selecting a particular model year and learning more by checking out photos of the cars, researching local dealership listings, car valuation, consumer reviews, editors’ reviews, pros & cons, features & specs, and safety information. That’s a world of information. And we’ve put it all right at your fingertips.

Are you thinking about trading in your vehicle at the dealership or selling it yourself? Find out what your used car is worth with our True Market Value appraisal tool. Enter the year, make and model to get started. Make sure you know the options on your vehicle and the current odometer reading. Be honest about the condition level. Most cars will fall in the “average” to “clean” range.

The appraisal tool will give you three prices: “Trade-in” is what you can expect a dealer to offer you. “Private Party” is what you might expect to earn if you sold the vehicle yourself. “Dealer Retail” is what you might expect to pay if you were buying this model used at a dealership. If the vehicle is new enough, you’ll also see a price that says “Certified Used Price.” This price estimates what the dealer might sell it for as a CPO vehicle.

If you are hesitant about buying a traditional used car, you may want to consider a certified pre-owned vehicle. These vehicles tend to be newer, have gone through a more detailed inspection process and come with a limited warranty. The Edmunds inventory tool will have an option to sort the list to show only CPO vehicles. You can also go directly to the CPO cars page.

Explore Car-Buying Articles: If you’re unsure about the next steps in buying a used car — or car buying in general — Edmunds has research articles that can help. Take a look at those we’ve linked to on this page, or visit our research main page for a full list of articles that have been written by Edmunds car-shopping experts.

Select from the options below, then review features, road tests and more.

Or browse by car type

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Auto Loan Calculator for New – Used Cars, auto financing calculator.#Auto #financing #calculator


Auto Loan Calculator

Compare Your Financing Options

Take the guesswork out of buying a new car—a variety of personalized loan options are just a click away!

Auto Loan Calculator

Use our car loan calculator below to give yourself an idea about your auto loan financing needs and your estimated monthly payment.

Calculate Your Car Payment

How to Use the Auto Loan Calculator

Our car payment calculator is designed to help you determine two estimated main factors:

To use the loan calculator, simply:

  1. Enter the retail price of the vehicle. Remember, you might get a better price at the dealership; this step is just to get you started.
  2. Figure the sales tax. Sales tax varies by state, so you might need to contact your local motor vehicle agency to ask. Keep in mind, there could be a difference between the sales tax for a new vehicle and the sales tax for a used vehicle.
  3. Determine the annual interest rate. Like the sales tax, the interest rate can vary greatly, often depending on whether the car is new or used; how long you play to finance the car; and even the date. Currently, Bankrate provides auto loan interest rates based on three-month auto trends.
  4. Decide on your term. This means how long you plan to make car payments. Sometimes, the longer the loan term, the lower the monthly payments. Be sure to talk with your lender about the pros and cons of shorter vs. longer terms.
  5. Enter your down payment. How much money can you pay upfront for the vehicle? Generally, the higher the down payment, the lower the monthly payments.
  6. Provide your trade-in value. Are you trading in a used vehicle? How much is that vehicle worth?

Once you complete each of these steps, our calculator will provide you with an estimated car loan amount you need to finance as well as projected monthly payments.

Other Car Costs to Consider

When it comes to determining how much your new (or new to you!) car will cost, monthly car payments aren’t your only financial concern.

For example, when determining your vehicle budget, you’ll need to consider:

Each of these factors will help you determine how much owning your new or used vehicle will actually cost in the long run.

* Find out whether your state requires vehicle inspections, smog and emissions testing, or both.


Car Lifts, Auto Lifts, Home Garage Lifts, Pipe Benders, Tire Changers, Wheel Balancers, Lift A Car, Professional Use – BendPak – Ranger Products, auto lifts.#Auto #lifts


auto lifts

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CAR LIFTS AND MORE FROM BENDPAK

For the best car lifts, exhaust pipe benders and air compressors, bet on BendPak’s tradition of manufacturing excellence. 45 years of designing, engineering and manufacturing automotive service solutions has given us unprecedented insight and we build that experience into every car lift that BendPak ships. Nothing outperforms true-blue BendPak service products because only we engineer equipment that is both safe and lasts a lifetime or longer.

BendPak tubing benders have been fabricating exhaust systems around the world for decades, and our air compressors provide not only air, but also the durability and longevity that distinguish the BendPak brand from the rest. However, most service professionals know BendPak for being one thing above all else: a global leader in hoist design for everything from alignment lifts and parking lifts to fleet maintenance lifts and car lift accessories.Whether you call them vehicle hoists, car hoists, garage lifts, auto lifts, or something else entirely, BendPak is authority on cutting-edge design, advanced features and extra safety measures.

The BendPak logo stands for the promise of product superiority and world-class support. Year after year, BendPak two-post, four-post and mid-rise specialty car hoists consistently deliver on that promise. When you flip on the light in your shop and see a BendPak auto hoist, whether it’s tomorrow or in another 50years, we want you to feel like you have the best car lift in the world.

WHEEL SERVICE AND GARAGE EQUIPMENT BY RANGER PRODUCTS

BendPak’s Ranger Products division offers your garage or shop an extremely diverse array of outstanding equipment to suit every need. At Ranger, we make sure that all of our garage products live up to the same high standards as BendPak car hoists and equipment. Ranger tire changers area perfect blend of convenient features and exceptional engineering, priced for any shop’s budget. And we’ve spent a decade pioneering and refining Ranger wheel balancer direct axis drive systems, giving users the power of perfect precision.

All Ranger equipment, from floor jacks and toolboxes to oil filter can crushers and motorcycle lifts;share in the legacy of garage equipment done right. Whether you need wheel service equipment like the best tire machines, brake lathes, wheel balancers and wheel alignment systems; workshop equipment like workbenches, oil drains and toolboxes; lifting solutions such as our wide array of floor jacks, jack stands and bike and quad lifts; or even industrial-grade parts washers that blast the dirt off of just about any part or component, Ranger is the first name in quality garage gear.

Any equipment that your shop needs can be found beneath the Ranger Products banner. Why waste your precious time and money with multiple garage product providers? Make Ranger your single-source for shop equipment to see how much better garage life can be.

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Check online store ratings and save money with deals at, auto pricing.#Auto #pricing


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    FinAid, Calculators, Loan Calculator, auto loan calculators.#Auto #loan #calculators


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    This Loan Payment Calculator computes an estimate of the size of your monthly loan payments and the annual salary required to manage them without too much financial difficulty. This loan calculator can be used with Federal education loans (Stafford, Perkins and PLUS) and most private student loans. (This student loan calculator can also be used as an auto loan calculator or to calculate your mortgage payments.)

    This loan calculator assumes that the interest rate remains constant throughout the life of the loan. The Federal Stafford Loan has a fixed interest rate of 6.8% and the Federal PLUS loan has a fixed rate of 7.9%. (Perkins loans have a fixed interest rate of 5%.)

    This loan calculator also assumes that the loan will be repaid in equal monthly installments through standard loan amortization (i.e., standard or extended loan repayment). The results will not be accurate for some of the alternate repayment plans, such as graduated repayment and income contingent repayment.

    Loan fees are used to adjust the initial loan balance so that the borrower nets the same amount after the fees are deducted.

    Some educational loans have a minimum monthly payment. Please enter the appropriate figure ($50 for Stafford Loans, $40 for Perkins Loans and $50 for PLUS Loans) in the minimum payment field. Enter a higher figure to see how much money you can save by paying off your debt faster. It will also show you how long it will take to pay off the loan at the higher monthly payment. You can also calculate private student loan eligibility on comparison sites like Credible.

    The questions concerning enrollment status, degree program and total years in college are optional and are designed to evaluate whether the total debt is excessive. The total years in college should include the total number of years in college so far (or projected) corresponding to the loan balance, including previous degrees received.