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Auto Loan Calculator at Edmunds

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Auto Loan Calculator at Edmunds

A little research can save you money when getting an auto loan

If you are in the market for a new automobile, you are probably also in the market for an auto loan. Before venturing out to your local finance company, you can get a good idea of what your payments will be by using an online auto loan calculator, such as the auto loan calculator at Edmunds.

Edmunds.com is a web site for people wanting to do a little research before purchasing a car. There is a wealth of information available on this site, including automobile reviews and ratings, true market value pricing, information on loans, and advice. Of course the handy tool mentioned above: the car loan calculator.

If you have already chosen a car and know the price you'll have to pay, you can start by entering that information into the auto loan calculator at Edmunds. To get the most accurate results, you will also need to know your state sales tax rate and the approximate cost of the title and registration.

You will then need to enter the amount of your down payment. There are additional fields to enter any reduction in cost available to you, such as rebates, and trade-in values. The final steps are to enter the interest rate you expect to pay, and how many months you will be holding the loan.

Click the calculate button and the auto loan calculator will present you with fairly accurate figures of how much your monthly payment will be on the auto you have selected. If you haven't already chosen a specific car for purchase, you can still make use of the auto loan calculator.

The auto loan calculator at Edmunds also features a button you can use to find a car to purchase. Have fun and choose the car of your dreams! Enter your zip code and the calculator will pre-populate many of the fields for you, based on true value market prices and available industry data. This method is not as accurate as entering your own personalized data, but it can give you a rough idea of what you can afford.

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