Auto Loan Calculator

As you shop for your next car near Salisbury and Kannapolis, you may find yourself considering taking out a car loan. If that’s the case, this auto loan calculator will come in handy. As you’re shopping for the right deal, use this payment calculator to get a sense for your range of workable options.

When you’ve done the math and budgeted for your new car smartly, you can relax and enjoy the roads of Lexington and Mooresville with the knowledge that your monthly payments are manageable. At Cloninger Ford, we want to help you do just that!

Estimate Your Monthly Payment

Already know which vehicle you want? On the left side of this calculator, you can estimate your monthly payment. You’ll just need to enter some basic information about your loan parameters, including the loan amount, down payment, term, interest rate, and (if applicable) the trade-in value of your current car.

If you’re not too far along in the finance process just yet, you may not have interest rates and other factors set in stone. That’s fine—in fact, it’s smart to experiment early in the process with various down payments, interest rates, and terms. You can see what you need to do to get the payments you’re comfortable with.

Calculate Your Buying Power

Let’s say you’re working backward: You know exactly what you can afford in monthly payments, and you want to see just how much car you can afford. Use the right side of the payment calculator to tally up your buying power.

You’ll need much of the same information, and again, you can use estimates if you don’t have hard figures just yet. When you have an idea how much you can spend on a car, you can refine your search to only the cars that fit your price range.

Do the Math with Our Auto Loan Calculator

Shoppers from Lexington to Kannapolis, and from Salisbury to Mooresville, can benefit by plugging away at our auto loan calculator. Start planning your finance journey today, and reach out to our friendly team at Cloninger Ford when you’re ready to speak one-on-one with a finance expert!