1. Auto Loan Payment

Find a payment you can afford

You would be surprised by how many smart people lease or buy cars beyond their means. Start your car search by understanding what you can afford. Complete the basic budget below.

Monthly Income After Taxes
Wages, Salary, etc.	$
Other Income	$
Total Monthly Income	$
Monthly Expenses
Home Loan / Rent	$
Student / Educational Loans	$
Credit Card Payments	$
Food	$
Entertainment	$
Alimony, Child Support, etc.	$
Other	$
Total Monthly Expenses	$
Discretionary Income	$
Auto Expenses
Insurance	$*
Gas	$*
Maintenance	$*
Total Auto Expenses	$
Maximum Auto Payment	$
Percent of Total Income	$%

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2. Auto Loan Interest

Estimate your interest rate

The interest rate you will pay depends on several factors including what you are buying, how long you plan to borrow, your credit score, etc. Estimate your interest rate below.

Base Rate (new car from dealer, 36 month loan, excellent credit, etc.)
		%
What you are buying and from whom
Please select a type of loan	Increment
Please select a type of loan	New Rate	%
How long you plan to borrow
Please select a loan term	Increment
Please select a loan term	New Rate	%
Your Credit Rating
Please select a credit level	Increment
Please select a credit level	New Rate	%
Where you live
Please select a state	Increment
Please select a state	New Rate	%

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3. Auto Loan Principal

Determine how much can you borrow

Default Loan Terms from Steps 1 and 2
Interest Rate [ Change ]	$%
Monthly Payment [ Change ]	$
Loan Term [ Change ]	$

Calculated Results
Loan Amount	$
Total Payments	$
Total Interest Paid	$

Try Different Loan Terms
1Click the value to solve for	2Then change any of the other values
[ Interest Rate ]	$%
[ Monthly Payment ]	$
[ Loan Term ]	$Mo.
[ Loan Amount ]	$
New Results
Total Payments	$
Total Interest Paid	$
Increase in Interest Paid	$

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4. Auto Retail Price

Determine how much car you can afford

Proceeds
Loan Amount [ Change ]	$
Trade-in Value	$
Amount still owed on trade-in	$
Trade In	$
Dealer Incentives & Rebates	$
Down Payment	$
Total Proceeds	$
Costs
Options	$
Dealer Fees, e.g. Destination Fees	$
Estimated Sales Tax	$
Estimated DMV Fees	$
Other Charges	$
Total Costs	$
Available for Vehicle
	$

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Summary

Review your results

Monthly Payment [ Change ]
After-Tax Wages and Other Income	$
Monthly Expenses	$
Discretionary Income	$
Auto Expenses	$
Maximum Auto Payment	$
Pct of Income	$%
Interest Rate [ Change ]
Base Rate	$%
Loan type increment	$%
Loan term increment	$%
Credit rating increment	$%
State increment	$%
Interest Rate Estimate	$%
Loan Term [ Change ]	$
Amount Borrowed [ Change ]	$
Vehicle [ Change ]
Total Proceeds	$
Total Costs	$
Amount Available for Vehicle	$

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SmartCarCredit™

Auto Loan Calculator

1. Auto Loan Payment

Find a payment you can afford

Monthly Income After Taxes

Monthly Expenses

Auto Expenses

2. Auto Loan Interest

Estimate your interest rate

Base Rate (new car from dealer, 36 month loan, excellent credit, etc.)

What you are buying and from whom

How long you plan to borrow

Your Credit Rating

Where you live

3. Auto Loan Principal

Determine how much can you borrow

Default Loan Terms from Steps 1 and 2

Calculated Results

Try Different Loan Terms

New Results

4. Auto Retail Price

Determine how much car you can afford

Proceeds

Costs

Available for Vehicle

Summary

Review your results

Monthly Payment [ Change ]

Interest Rate [ Change ]

Vehicle [ Change ]