Wealth
Budget
Dashboard
Tools
All Tools Overview
Retirement Planning
Retirement (FIRE) calculator
Saving & withdrawal planning
Contribute more in 401k or not
Life expectancy estimate
Investment Assessment
Bond valuation
Stock valuation
Portfolio risk
Holding diversity & risk
Holding period & risk
Margin loan calculator
Investment fee calculator
House Decisions
Mortgage calculator
House affordability
Buy or rent a house
Mortgage refinance
Sell or keep this house
Automobile Decisions
Auto loan calculator
Loan or lease
Buy electric or gas car
General Loan Decisions
Loan calculator
Loan refinance
Avalanche or snowball debt payoff
Saving Insights
Best cash back credit cards
Smart gift card use
Finances of What You Care
Analysis of a dream project
Cost of raising a child
Travel plan & budget
Salary stopwatch
More
Pricing
About Us
Comparison
Login
Sign up
Email address
sign up free
Password
forgot password
LOG IN
Auto Loan
Auto Loan Calculator
Use this to calculate auto loan payment. Compare different loan offered and all cash payment.
This tool helps answer :
Should I put
more or less downpayment
? Should I choose
longer or shorter mortgage term
?
If I have enough cash to buy a car, but have higher-yield investment opportunities, should I
use auto loan or pay all cash
to purchase?
Car Finance
Purchase price
Trade-in car value
Downpayment
Loan term
months
Interest rate
Cash back offer
Sales tax
Loan origination fees
Other fixed fees
the unavoidable fees you must pay whether to use loan or pay with cash, such as title, registration, inspection, government, and dealer fees.
Roll tax and fees into loan
Loan amount
Monthly payment
Up-front payment
Total payment
Loan Consideration
Plan A
Plan B
Downpayment ($)
Downpayment
Loan term (months)
Interest rate
Cash back offer
Investment yield
the expected return of investment when you invest extra cash
Loan amount
Up-front payment
Monthly payment
Net present value (NPV)
This is how much the NPV of using loan is higher/lower than the NPV of buying with all cash. When investment yield is higher than loan rate (APR), your NPV of using loan is normally higher than the NPV of buying with all cash. This is becasue your investment income is higher than the loan interest, and it brings you more cash inflow in the long term.
The winner plan
The better Plan you should consider is the one with the higher NPV, it brings a better financial outlook in the long term.
All Cash Purchase (no Loan)
Net present value (NPV)
Related Items
Auto loan refinance calculator
Loan, lease, or all-cash purchase
Debt elimination - avalanche or snowball method
Buy electric or gas car calculator
Close