Purchasing a Car
Enter the vehicle price.
You decide to pay off your car in 4 years.
Enter 48 months in the box that states
Term in months*.
Click on link button below to find the
interest rate in your area and then enter
the Interest rate* inside the calculator.
You make a down payment of $1,000.
You did not trade in a car so enter $0
Select your state and it will calculate your
state tax rate for you..
Click Calculate to find your Monhly Car
Payment.
Click View Report to find more information
about your payments. Click Hide Report
when you are finished.
Now recalculate your payment by changing
one, two, or all three of the following:
1) Your interest rate
2) Your down payment
3) Your term of the loan to 5 years (which
is 60 months)
Scroll down to find a used car, rather than
purchasing a NEW car. Enter the vehicle
price inside the Auto Calculator above and
figure your calculations similar to
purchasing a new car. Best of luck in
paying your car payments on time to keep
your outstanding credit rating.
You decide to pay off your car in 4 years.
Enter 48 months in the box that states
Term in months*.
Click on link button below to find the
interest rate in your area and then enter
the Interest rate* inside the calculator.
You make a down payment of $1,000.
You did not trade in a car so enter $0
Select your state and it will calculate your
state tax rate for you..
Click Calculate to find your Monhly Car
Payment.
Click View Report to find more information
about your payments. Click Hide Report
when you are finished.
Now recalculate your payment by changing
one, two, or all three of the following:
1) Your interest rate
2) Your down payment
3) Your term of the loan to 5 years (which
is 60 months)
Scroll down to find a used car, rather than
purchasing a NEW car. Enter the vehicle
price inside the Auto Calculator above and
figure your calculations similar to
purchasing a new car. Best of luck in
paying your car payments on time to keep
your outstanding credit rating.
Using the website to the right, see
"Select New Cars" with tabs underneath
labeled: By Make, By Category, By Price.
Click on "By Price." Then click on the
price range of $15K - $25K.
Keep scrolling down. There are several
pages of cars.
(Remember when you see the starting
price this car has no extras. When you
see the prices of the car, choose the
median price and that should give you a
better idea of the true price of the car you
are purchasing).
Narrow your search to just one car and
remember the vehicle price. Scroll down
this web page using the scroll bar to the
farthest right to see the Auto Loan
Calculator embedded website from
calculatestuff.com.
"Select New Cars" with tabs underneath
labeled: By Make, By Category, By Price.
Click on "By Price." Then click on the
price range of $15K - $25K.
Keep scrolling down. There are several
pages of cars.
(Remember when you see the starting
price this car has no extras. When you
see the prices of the car, choose the
median price and that should give you a
better idea of the true price of the car you
are purchasing).
Narrow your search to just one car and
remember the vehicle price. Scroll down
this web page using the scroll bar to the
farthest right to see the Auto Loan
Calculator embedded website from
calculatestuff.com.
NOTE: This website has its scroll bar
located to the far right. Inside this
website are embedded websites that
have their own scrollbars.
located to the far right. Inside this
website are embedded websites that
have their own scrollbars.
Let's say that you just moved out
of your parent's house or
apartment and you are living on
your own. You decide to purchase
your first NEW car, so let's see
how much it is going to cost you
per month to afford a relatively
inexpensive new vehicle.
of your parent's house or
apartment and you are living on
your own. You decide to purchase
your first NEW car, so let's see
how much it is going to cost you
per month to afford a relatively
inexpensive new vehicle.
Embedded Website: The Car Connection https://www.thecarconnection.com/
Embedded Website: Calculate Stuff https://www.calculator.net/auto-loan-calculator.html
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Used Cars
Reffonomics.com and its author are not responsible for what the reader does with the material inside the
embedded links or the hyperlinks above.
embedded links or the hyperlinks above.
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Edmund's website has excellent information on how to negotiate for a car:
www.edmunds.com/car-buying/what-fees-should-you-pay.html
www.edmunds.com/car-buying/what-fees-should-you-pay.html
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Interesting read about how to purchase a car:
https://lifehacker.com/the-best-techniques-for-negotiating-with-car-dealership-1649443251
https://lifehacker.com/the-best-techniques-for-negotiating-with-car-dealership-1649443251
| Steven M. Reff Economics Lecturer University of Arizona (2007 - 2016) The 2015 University of Arizona Five-Star Faculty Award |
The Car Connection Used Cars: https://www.thecarconnection.com/used-cars
More information about current interest rates on vehicles can be found at this link:
https://www.bankrate.com/loans/auto-loans/current-auto-loan-interest-rates/
https://www.bankrate.com/loans/auto-loans/current-auto-loan-interest-rates/