|car loan balance calculator with apr||0.07||0.8||6029||90|
Lenders charge interest on a car loan each month. The amount of interest is obtained by multiplying the monthly interest rate by the loan balance. The monthly interest rate is the basis for calculating the APR, which takes into account lender fees added to the balance and amortized over the life of the loan.How do I calculate my car finance?
Part 1 of 3: Determining the Amount to Finance Settle on the price of the vehicle that you're buying with the dealership or seller. ... Calculate the amount of state sales tax and add it to the estimated purchase price. Also find out how much your state charges for tax and title fees. Deduct the trade-in value from the price of the car (if applicable). ... Add any fees that the dealer charges. ... More items...