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Our free auto loan calculator tool was built to help borrowers figure out their final payment amount and understand how car loan extensions work. by Byard Duncan, Ryan Gabrielson and Lucas Waldron ...
All costs combined should be no more than 10% of your monthly income. Use an auto loan calculator to run the numbers and see what you can afford.
Some auto loans require no down payment, but experts often recommend making a down payment of 10% to 20% of the car's value. That will reduce the amount you have to borrow (and eventually pay back ...
The average auto loan rate for someone with excellent credit is 5.25%, according to CNN. If your credit is less than perfect or if you’re buying a used car, expect that rate to be much higher.