Auto Loans and Payment Calculator

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Auto loans and payment calculator. Find your next car loan by comparing four offers from hundreds of desperate lenders who want your business. Car loans have an average life of about three years so car loan lenders have to continuously replace paid off car loans with new loans. Thus, lenders will make you the best offer they can for your car loan.

Take Charge of Your Next Car Loan

Shop for your own auto loan and make your own choices. No need to pay a middle man. Think about this: If you borrow $40,000 for five years at just one percent lower rate, you realize a $1000 savings. Trust me, it is a lot easier to spend ten minutes shopping for a car loan than to earn a $1000.

What if you have bad credit?

Check your credit before you apply for a loan. That way you will know where you stand and if you should be willing to pay a higher interest rate because of your poor credit score. Be sure to look at your credit score from all three credit bureaus which include TransUnion, Experian, and Equifax. Be sure to dispute any errors before you apply for a car loan so you can show the best credit score possible.

If you are being asked to pay a higher interest rate to be sure you can afford the payment. If not, consider stepping down in car prices by buying a cheaper model or a used car.

Don't add extras to your loans such as a warranty or insurance. Those premiums will increase your payment or make repayment longer. You can buy a warranty later.

Car Dealer Loans

Car dealers do no make loans but rather broker the car loans to lenders such as Toyota Finance or Ford Motor Credit. They get a fee for brokering each car loan and the higher the interest rate they charge you, the borrower, the higher fee they get from the lender. So, their objective is to get you to pay the highest rate possible and to make themselves the most money possible.

Car dealers may offer you a lower price on a car if you finance with them. Go ahead and take advantage of the lower price and take their loan. Then in six months you can refinance your loan at a lower rate.

Refinance Your Dealer Auto Loan

If you financed your car through the car dealer, you can probably get a lower rate from another lender. Other than a small fee, there is no cost to refinancing and you could save thousands of dollars over the course of the loan. Shop for a new loan here and get several offers from banks that want your business. One application. No cost, no obligation.