![]() ![]() A down payment, trade-in amount or both together can reduce the cost of a car purchase and associated financing costs.If you know what your sales tax and fees are likely to be, adding these to the vehicle price will provide a more accurate calculation. When entering the price of a vehicle, keep in mind that there are additional expenses on top of the price you negotiate at the dealership, including sales tax, title, registration and other fees.Here are some tips for using the calculator: Using the calculatorĪ car loan calculator gives you an idea of what car and loan you can afford if approved for financing, but remember, these calculations are estimates only. Payment example: Monthly payments for a $10,000 loan at 4.99% APR with a term of 3 years would result in 36 monthly payments of $300.00.*APR is the Annual Percentage Rate or the cost of your credit at a yearly rate. Advertised rates and terms are subject to change without notice. Rates without AutoPay are 0.50% points higher. AutoPay discount is only available prior to loan funding. Excellent credit is required to qualify for lowest rates. *Lightstream Disclosure: Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Finally, we reviewed customer service satisfaction and each lender's national reach. Only companies with a solid reputation were considered. We also considered loan amount ranges, loan types offered, repayment term options, and credit score requirements. First, we looked at auto loan rates, particularly the APR, and loan options available to borrowers. To select the lenders featured on this list, we evaluated loan offerings from 25 different auto lenders using several criteria. Availability: Auto loans are typically easier to obtain than personal loans, especially for those with a poor credit history.Interest rates: Because auto loans are secured, rates on car loans are generally lower than personal loans.Car loans, however, are strictly to finance a vehicle and are secured against the vehicle you purchase. ![]()
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