how does car payments work?

hi im looking to buy a car soon. im online now searching. some car websites have monthly payment estimators & some dont. do anyone know how to calculate the payments? with 0.0 APR, 60 months & 5 thousand down?


With 0 APR it's easy, just take the loan amount - in your case the purchase price minus $5000 - and divide it by the number of payments, in your case 60.

How do you figure out the finance(apr) rate when buying a car?

I was looking at car prices at carmax.com and it has a payment estimator, and it says to put the finance (apr) rate, but how do i figure that out?


You need to know the terms of the loan.

I usually put in 7% for a nice even number to work with.

Chek with GMAC, or your local bank to see what the rates are.

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If you have poor credit and you’re wondering if you might qualify for a car loan, then it’s time to check out a few of our auto loan calculators.

We know they can help because at Auto Credit Express we’ve spent the last two decades helping credit-challenged buyers find a car dealer that can get them financed. It even led us to design a web site so applicants can learn about auto credit repair and negative equity as well as today’s topic: how to use auto loan calculators to determine if you’ll qualify for a car loan.

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The Complete Guide to Your Personal Finances Online, Step-by-Step Instructions to Take Control of Your Financial Future Using the Internet
288 pages
The Complete Guide to Your Personal Finances Online, Step-by-Step Instructions to Take Control of Your Financial Future Using the Internet

Online calculators can also help you make other important financial decisions: • Should you buy a car, or should you ... extra payments? These calculators will show you how much money in interest you can save in the long term by making ...

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Car-payment-loan.org has that Main package of **Free** information , several car payment estimator options to choose from and all in all it will save your time and money. Here are few reasons why ; One of the problematic matters to know when you find yourself considering getting your self used or new vehicle is actually how much the every-month payments are gonna be and really how you will probably to pay for it. Many people absolutely...

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