Many people want to have a car today but lots of them do not have enough money to buy the car cash just in the time they bought a car. That is why many people take car loan so they do not have to pay all of the payment directly right in the day they bought the car. When you buy a car with a loan, there are many things that you should consider before. You have to calculate precisely and carefully about the payment that you have to pay every month in certain repayment period.
Car loan calculator is a very useful program that you can use to count how much payment that you should pay every month for your car if you take the car with loan. You can calculate the payment based on the down payment that you pay for the prepaid expense and the interest rate for the loan. You can calculate it based on those aspects and also the repayment period. You can reveal the total payment that you have to pay for the car.
You can download this car loan calculator and start using it to calculate your car loan payment. There are some blank space where you can fill it with the car price, the down payment, the interest rate, and the repayment period (in year). After you fill all the columns, you can find out the money that you should pay for monthly payment, total interest payment, and total payment of the loan. This is a very helpful program, created using Microsoft Excel, for you who want to apply for car loan.
Source : Exceltemplate.net
Car Loan Calculator (10.0 KiB, 1,897 hits)