| "> | | | | money?o Which vehicle loan is better?o Which is |
| An auto loan calculator helps a person to decide | | | | better: a rebate or special dealer financing?o Which |
| monthly auto loan payment or auto purchase price. | | | | loan term should be opted? |
| These calculators are also known as 'self-help tools' | | | | This is used as a decision making tool. A simple auto |
| for independent use but these tools are not intended to | | | | loan calculator simply works on inputs such as the |
| provide investment, legal, tax, or accounting advice. An | | | | amount of loan availed; this is based on the margin |
| auto loan calculator is a simple programmable | | | | money the borrower willing to pay and the value of his |
| calculating tool. It provides help to those customers | | | | earlier vehicle, the length of the loan and the rate of |
| who are planning to take an automotive loan after | | | | interest charged. A person can easily analyze its |
| making calculation of their loan payment installments. It | | | | monthly repayments. These loan calculators will ask |
| helps a person to determine spending capacity on an | | | | for three main elements or variables that are principal |
| automobile. | | | | payment, interest and the total number of payments |
| Auto loan calculator helps a person to understand | | | | arranged. |
| that:o Which is better: a new or used vehicle?o What | | | | An auto loan calculator is simple to understand. It can |
| vehicle can a person afford with his available | | | | easily be used and doesn't require much time. |