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Advanced Auto Loan Calculator
Make smarter car-buying decisions with our Advanced Auto Loan Calculator. Whether you’re financing a new or used car, this tool helps you estimate your monthly payments, total interest, and overall loan cost—so you know exactly what you’re committing to before you buy.
🚗 How to Use the Auto Loan Calculator:
- Enter the car price.
- Input your down payment.
- Enter the loan term (in months or years).
- Set the annual interest rate (%).
- (Optional) Add trade-in value, sales tax, and fees.
- Click “Calculate” to view monthly payment, interest paid, and total cost.
🔍 What You Get:
- ✅ Monthly EMI (Equated Monthly Installment)
- ✅ Total loan amount after down payment
- ✅ Total interest paid over the loan term
- ✅ Total amount payable (principal + interest)
💡 Why Use Our Auto Loan Calculator?
- 🚘 Ideal for new and used car loans
- 📱 100% responsive and mobile-friendly
- ⚡ Fast and accurate calculations
- 🧾 Supports taxes, fees, and trade-in adjustments
🧮 Formula Used:
EMI = [P × r × (1 + r)<sup>n</sup>] / [(1 + r)<sup>n</sup> – 1]
Where:
- P = Loan amount after down payment
- r = Monthly interest rate (annual rate ÷ 12 ÷ 100)
- n = Loan term in months
Take control of your finances and drive away with confidence. Try our Advanced Auto Loan Calculator today!