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Auto Loan Budgetary Calculator

Entered a desired monthly payment to calculate a budgetary vehicle price. Compare to MSRP.

Monthly Payment:$ Desired monthly payment.
Down Payment:$ Cash on hand.
Trade-In Payment:$ Value (after loan payoff) of trade-in. See Power Shift, Chapter 4 to boost value.
Interest Rate (APR): % Varies with credit rating and loan term. Check with bank/credit union.
Loan Term: Longer term increases debt/enables lower payment.
Budgetary Price:$ Compare to vehicle MSRP for basic affordability check.
Interest Paid:$
Total Debt:$ Total amount of loan payments, including interest paid.
Total Cost:$ Total debt + down payment + trade-in value