Getting a car loan is a huge financial decision. This can change your entire monthly budget when you have to send hundreds of dollars to a lender every month. Before you get a car loan, it is a wise idea to look into a car loan calculator to find out if you can afford this new burden.
Open a search engine on your computer. There are several different options for search engines, so use your favorite. Each may have different results when you search, so it might be a good idea to use a few different engines.
Go to Shareware Island for a free car loan calculator, or surf your favorite car or bank website to find a free car loan calculator. There will be several different options that will appear on screen. Look many of their descriptions over and decide which sounds like the best option for your car loan calculator needs.
Ask your local car dealer or your bank representative for a good free car loan calculator. Usually these people are more than happy to help you, as they want you to like them and use them for your car loan.
Test several of the calculators out. Each calculator will perform the same basic function. However, they will get there in different ways, and some give you more flexibility than others.
Know the current rate that your lender is offering. While many of the calculators will provide an interest rate, rarely are they accurate. Know your own rate so you can get an accurate estimate on what your monthly payment will be once you have secured your loan and have your car.
