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Auto Loan Calculator

2007 Vertex42 LLC

http://www.vertex42.com/Calculators/auto-loan-calculator.html

2007 Vertex42 LLC

Purchase Price (before tax)


Sale Price + Options
Destination charge
Title Transfer Fee
Other Taxable Fees
Purchase Price
State Sales Tax
Trade-In is Tax Deductible
Cash Rebate is Tax Deductible
State Sales Tax Rate
Net Taxable
State Sales (Excise) Tax

$
$
$
$
$

$
$

0
0
6.25%
20,000
1,250.00

40
0
0
0
3
3
0
0
0
46

Non-Taxable Fees

Registration
Late Registration Fee
Service Contract
Special Plate Fee
Administration Fee
Transaction Fee
Late Title Transfer Fee
Duplicate Title Fee
Other Non-Taxable Fees
Total Non-Taxable Fees

20,000
20,000

Loan Amount
Unpaid Loan Balance on Trade-In

Less Down Payment


Less Value of Trade-In
Less Cash Rebate

0
0
0

Total Loan Amount

http://www.vertex42.com/Calculators/auto-loan-calculator.html

21,296

Set to 0 if included in sale price


e.g. $10

If you don't know, set to FALSE


If you don't know, set to FALSE
e.g. 6.25%

e.g. $40 to $100


e.g. $10 per month
e.g. $250 to $1000
e.g. $25
e.g. $3
e.g. $3
e.g. $25 to $200
e.g. $25

Page 2 of 9

Auto Loan Payment Calculator

2007 Vertex42 LLC

http://www.vertex42.com/Calculators/auto-loan-calculator.html

Inputs
Auto Loan Amount
Annual Interest Rate
Term of Loan in Years
First Payment Date
Frequency of Payment

Due Date

Payment
Due

1/1/2015

2/1/2015

Effect of Extra Payments


Total Payments
Total Interest
Reduced Interest
Number of Payments
Last Payment Date

500000000
9.00%
2.5
1/1/2015
Monthly

Summary (with no extra payments)


Number of Payments
30
Rate (per period)
0.750%
Payment (per period)
$18,674,080.38
Total Interest
$60,222,411.34
Total Payments
$560,222,411.34
.

No.

2007 Vertex42 LLC

Additional
Payment

12

Balanc e

10

No Extra Payments

8
6
4
2
0

Interest

Principal

18,674,080.38

3,750,000.00

14,924,080.38

18,674,080.38

3,638,069.40

15,036,010.98

3/1/2015

18,674,080.38

3,525,299.31

15,148,781.07

4/1/2015

18,674,080.38

3,411,683.46

15,262,396.92

5/1/2015

18,674,080.38

3,297,215.48

15,376,864.90

6/1/2015

18,674,080.38

3,181,888.99

15,492,191.39

7/1/2015

18,674,080.38

3,065,697.56

15,608,382.82

8/1/2015

18,674,080.38

2,948,634.69

15,725,445.69

9/1/2015

18,674,080.38

2,830,693.84

15,843,386.54

10

10/1/2015

18,674,080.38

2,711,868.44

15,962,211.94

11

11/1/2015

18,674,080.38

2,592,151.86

16,081,928.52

12

12/1/2015

18,674,080.38

2,471,537.39

16,202,542.99

13

1/1/2016

18,674,080.38

2,350,018.32

16,324,062.06

14

2/1/2016

18,674,080.38

2,227,587.85

16,446,492.53

15

3/1/2016

18,674,080.38

2,104,239.16

16,569,841.22

16

4/1/2016

18,674,080.38

1,979,965.35

16,694,115.03

17

5/1/2016

18,674,080.38

1,854,759.49

16,819,320.89

18

6/1/2016

18,674,080.38

1,728,614.58

16,945,465.80

19

7/1/2016

18,674,080.38

1,601,523.59

17,072,556.79

20

8/1/2016

18,674,080.38

1,473,479.41

17,200,600.97

21

9/1/2016

18,674,080.38

1,344,474.90

17,329,605.48

22

10/1/2016

18,674,080.38

1,214,502.86

17,459,577.52

23

11/1/2016

18,674,080.38

1,083,556.03

17,590,524.35

24

12/1/2016

18,674,080.38

951,627.10

17,722,453.28

25

1/1/2017

18,674,080.38

818,708.70

17,855,371.68

26

2/1/2017

18,674,080.38

684,793.41

17,989,286.97

27

3/1/2017

18,674,080.38

549,873.76

18,124,206.62

28

4/1/2017

18,674,080.38

413,942.21

18,260,138.17

29

5/1/2017

18,674,080.38

276,991.17

18,397,089.21

http://www.vertex42.com/Calculators/auto-loan-calculator.html

2007 Vertex42 LLC

Page 3 of 9

30

6/1/2017

18,674,080.29

http://www.vertex42.com/Calculators/auto-loan-calculator.html

139,013.00

18,535,067.29

2007 Vertex42 LLC

Page 4 of 9

2007 Vertex42 LLC


2007 Vertex42 LLC

ct of Extra Payments
$ 560,222,411.31
$ 60,222,411.31
None
30
6/1/2017
Balanc e
No Extra Payments

Balance
$500,000,000.00
485,075,919.62
470,039,908.64
454,891,127.57
439,628,730.65
424,251,865.75
408,759,674.36
393,151,291.54
377,425,845.85
361,582,459.31
345,620,247.37
329,538,318.85
313,335,775.86
297,011,713.80
280,565,221.27
263,995,380.05
247,301,265.02
230,481,944.13
213,536,478.33
196,463,921.54
179,263,320.57
161,933,715.09
144,474,137.57
126,883,613.22
109,161,159.94
91,305,788.26
73,316,501.29
55,192,294.67
36,932,156.50
18,535,067.29

http://www.vertex42.com/Calculators/auto-loan-calculator.html

2007 Vertex42 LLC

Page 5 of 9

0.00

http://www.vertex42.com/Calculators/auto-loan-calculator.html

2007 Vertex42 LLC

Auto Loan Payment & Interest Comparisons


http://www.vertex42.com/Calculators/auto-loan-calculator.html

Auto Loan Amount


Annual Interest Rate
Term of Loan in Years
Frequency of Payment

Unless
Unlessotherwise
otherwiseindicated,
indicated,the
thecomparison
comparisontables
tablesare
are
based
basedon
onthe
theLoan
LoanAmount,
Amount,Interest
InterestRate,
Rate,Term,
Term,and
and
Frequency
Frequencylisted
listedto
tothe
theright.
right.These
Thesevalues
valuescan
canbe
be
changed
changedin
inthe
thePaymentCalculator
PaymentCalculatorworksheet.
worksheet.

Payment
###
###
###
###
###
###
###
###
###

19,000,000.00

T otal Interest

70,0

Payment
###
###
###
###
###
###
###
###
###
###
###
###

Total
Interest
###
###
###
###
###
###
###
###
###
###
###
###

50,000,000.00

20,000,000.00

Payment
###
###
###
###
###
###

Total
Interest
###
###
###
###
###
###

Payment

15,000,000.00

T otal Interest

50,0

18,000,000.00

40,0

17,500,000.00

30,0

17,000,000.00

20,0

16,500,000.00

10,0
10.00%

9.00%

8.00%

7.00%

6.00%

160,0

Payment

45,000,000.00

T otal Interest

140,0

40,000,000.00

120,0

35,000,000.00
30,000,000.00

100,0

25,000,000.00

80,00

20,000,000.00

60,00

15,000,000.00

40,00

10,000,000.00
5,000,000.00

20,00

Num ber of Paym e nts

0.00

0.00
12 18 24 30 36 42 48 54 60 66 72

70,0
60,0
50,0
40,0
30,0
20,0
10,0
0.00

10,000,000.00
5,000,000.00

$125,000,000.00

$100,000,000.00

$75,000,000.00

0.00

Dow n Paym e nt

http://www.vertex42.com/Calculators/auto-loan-calculator.html

0.00

Annual Interes t Rate


5.00%

16,000,000.00

$50,000,000.00

[42]

60,0

18,500,000.00

4.00%

Down Payment
$0.00
$25,000,000.00
$50,000,000.00
$75,000,000.00
###
###

Loan
Amount
###
###
###
###
###
###

80,0

3.00%

Total Paid
###
###
###
###
###
###
###
###
###
###
###
###

Payment

$25,000,000.00

# of Payments
6
12
18
24
30
36
42
48
54
60
66
72

Monthly

19,500,000.00

2.00%

Total Paid
###
###
###
###
###
###
###
###
###

$ 500,000,000
9.00%
2.5

Total
Interest
###
###
###
###
###
###
###
###
###

$0.00

Annual
Interest Rate
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
8.00%
9.00%
10.00%

2007 V

60,000,000.00
50,000,000.00
40,000,000.00
30,000,000.00
20,000,000.00
10,000,000.00
0.00

Payment

66,0

T otal Interest

64,0

62,0

[42]

60,0

58,0

Paym ent Fre quency

http://www.vertex42.com/Calculators/auto-loan-calculator.html

Bi-Weekly

56,0
Semi-Monthly

Total
Interest
###
###
###
###
###
###
###

Monthly

Payment
###
###
###
###
###
###
###

Bi-Monthly

# of
Payments
2.5
5
10
15
30
60
65

Quarterly

Frequency
Annually
Semi-Annually
Quarterly
Bi-Monthly
Monthly
Semi-Monthly
Bi-Weekly

2007 Vertex42 LLC


2007 Vertex42 LLC
The
Thecalculations
calculationsin
inthis
this
worksheet
worksheetassume
assumethat
that
no
noextra
extrapayments
paymentsare
are
made.
made.

80,000,000.00
70,000,000.00

erest

60,000,000.00
50,000,000.00
40,000,000.00
30,000,000.00
20,000,000.00
10,000,000.00
10.00%

9.00%

7.00%

6.00%

5.00%

8.00%

0.00

al Interes t Rate

160,000,000.00

Payment
T otal Interest

140,000,000.00
120,000,000.00
100,000,000.00
80,000,000.00
60,000,000.00
40,000,000.00
20,000,000.00

ber of Paym e nts

0.00

30 36 42 48 54 60 66 72

70,000,000.00
60,000,000.00
50,000,000.00
40,000,000.00
30,000,000.00
20,000,000.00
10,000,000.00
0.00

Payment

$125,000,000.00

w n Paym e nt

$100,000,000.00

$75,000,000.00

$50,000,000.00

T otal Interest

http://www.vertex42.com/Calculators/auto-loan-calculator.html

Payment

66,000,000.00

T otal Interest

64,000,000.00
62,000,000.00
60,000,000.00
58,000,000.00

m ent Fre quency

Bi-Weekly

Semi-Monthly

Monthly

56,000,000.00

http://www.vertex42.com/Calculators/auto-loan-calculator.html