Auto Loan Calculator

Auto Loan Calculator
http://www.vertex42.com/Calculators/auto-loan-calculator.html
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
2007-2016 Vertex42 LL
$
$
$
$
$
20,000
20,000
Set to 0 if included in sale price

e.g. $10
If you don't know, set to FALSE

e.g. 6.25%
$
$
6.25%
20,000
1,250.00
e.g. $40 to $100
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
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
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
21,296
2007 Vertex42 LLC
2007-2016 Vertex42 LLC
Set to 0 if included in sale price

2007 Vertex42 LLC
Auto Loan Payment Calculator

2007-2016 Verte
Inputs
Effect of Extra Payments
Auto Loan Amount

$
Annual Interest Rate
Term of Loan in Years
First Payment Date
Frequency of Payment
20,000
8.50%
3
1/1/2007
Monthly
Summary (with no extra payments)

Number of Payments
Rate (per period)
Payment (per period)
Total Interest
Total Payments
No.
Total Payments
Total Interest
Reduced Interest
Number of Payments
Last Payment Date
36
0.708%
$631.35
$2,728.63
$22,728.63
.
25,000
Balanc e
20,000
No Extra Payments
15,000
10,000
5,000
0
Due Date Payment Due
Additional
Payment
Interest
Principal
1/1/2007
631.35
0.00
141.67
489.68
2/1/2007
631.35
0.00
138.20
493.15
3/1/2007
631.35
0.00
134.70
496.65
4/1/2007
631.35
0.00
131.19
500.16
5/1/2007
631.35
0.00
127.64
503.71
6/1/2007
631.35
0.00
124.08
507.27
7/1/2007
631.35
0.00
120.48
510.87
8/1/2007
631.35
0.00
116.86
514.49
9/1/2007
631.35
0.00
113.22
518.13
10
10/1/2007
631.35
0.00
109.55
521.80
11
11/1/2007
631.35
0.00
105.85
525.50
12
12/1/2007
631.35
0.00
102.13
529.22
13
1/1/2008
631.35
0.00
98.38
532.97
14
2/1/2008
631.35
0.00
94.61
536.74
15
3/1/2008
631.35
0.00
90.81
540.54
16
4/1/2008
631.35
0.00
86.98
544.37
17
5/1/2008
631.35
0.00
83.12
548.23
18
6/1/2008
631.35
0.00
79.24
552.11
19
7/1/2008
631.35
0.00
75.33
556.02
20
8/1/2008
631.35
0.00
71.39
559.96
21
9/1/2008
631.35
0.00
67.42
563.93
22
10/1/2008
631.35
0.00
63.43
567.92
23
11/1/2008
631.35
0.00
59.40
571.95
24
12/1/2008
631.35
0.00
55.35
576.00
25
1/1/2009
631.35
0.00
51.27
580.08
26
2/1/2009
631.35
0.00
47.16
584.19
27
3/1/2009
631.35
0.00
43.03
588.32
28
4/1/2009
631.35
0.00
38.86
592.49
29
5/1/2009
631.35
0.00
34.66
596.69
30
6/1/2009
631.35
0.00
30.44
600.91
2007 Vertex42 LLC
3 of 17
No.
Additional
Payment
Interest
Principal
31
7/1/2009
631.35
0.00
26.18
605.17
32
8/1/2009
631.35
0.00
21.89
609.46
33
9/1/2009
631.35
0.00
17.58
613.77
34
10/1/2009
631.35
0.00
13.23
618.12
35
11/1/2009
631.35
0.00
8.85
622.50
36
12/1/2009
631.37
0.00
4.44
626.93
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
2007 Vertex42 LLC
4 of 17
No.
Additional
Payment
Interest
Principal
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
2007 Vertex42 LLC
5 of 17
No.
Additional
Payment
Interest
Principal
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Ending Balance:
[42]
2007 Vertex42 LLC
6 of 17
Effect of Extra Payments

$
$
22,728.62
2,728.62
None
36
12/1/2009
Using This Worksheet

This spreadsheet creates a payment schedule
for a fixed-rate auto loan, with optional extra
payments. Use the spreadsheet to compare
different terms, rates, and loan amounts. The
spreadsheet allows complete flexibility in how
you make additional payments.
Use the AutoLoanCalculator worksheet to

figure out the Auto Loan Amount.
Balanc e
No Extra Payments
The payment is rounded to the nearest cent.

The last payment is adjusted to bring the
balance to zero.
Balance
$20,000.00
19,510.32
19,017.17
18,520.52
18,020.36
17,516.65
17,009.38
16,498.51
15,984.02
15,465.89
14,944.09
14,418.59
13,889.37
13,356.40
12,819.66
12,279.12
11,734.75
11,186.52
10,634.41
10,078.39
9,518.43
8,954.50
8,386.58
7,814.63
7,238.63
6,658.55
6,074.36
5,486.04
4,893.55
4,296.86
3,695.95
2007 Vertex42 LLC
7 of 17
Balance
3,090.78
2,481.32
1,867.55
1,249.43
626.93
0.00
2007 Vertex42 LLC
8 of 17
Balance
2007 Vertex42 LLC
9 of 17
Balance
2007 Vertex42 LLC
10 of 17
Auto Loan Payment & Interest Comparisons

Auto Loan Amount

Annual
Interest Rate
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
8.00%
9.00%
10.00%
Total Paid
20,622.60
20,938.32
21,257.28
21,579.12
21,903.84
22,231.44
22,562.28
22,895.64
23,232.24
# of Payments
6
12
18
24
30
36
42
48
54
60
66
72
Total Paid
20,498.76
20,932.80
21,372.66
21,818.64
22,270.80
22,728.60
23,192.40
23,662.56
24,138.00
24,619.80
25,107.72
25,601.04
Down Payment
$0.00
$1,000.00
$2,000.00
$3,000.00
$4,000.00
$5,000.00
Loan
Amount
20,000.00
19,000.00
18,000.00
17,000.00
16,000.00
15,000.00
20,000
8.50%
Term of Loan in Years

Frequency of Payment
660
Payment
3,500
Payment
572.85
581.62
590.48
599.42
608.44
617.54
626.73
635.99
645.34
Total
Interest
622.60
938.32
1,257.28
1,579.12
1,903.84
2,231.44
2,562.28
2,895.64
3,232.24
640
Total Interest
3,000
Total
Interest
498.76
932.80
1,372.66
1,818.64
2,270.80
2,728.60
3,192.40
3,662.56
4,138.00
4,619.80
5,107.72
5,601.04
2,000
Payment
3,416.46
1,744.40
1,187.37
909.11
742.36
631.35
552.20
492.97
447.00
410.33
380.42
355.57
Payment
1,800
T otal Interest
700
Payment
3,000
Payment
631.35
599.78
568.22
536.65
505.08
473.51
Total
Interest
2,728.60
2,592.08
2,455.92
2,319.40
2,182.88
2,046.36
600
Total Interest
2,500
620
2,500
600
2,000
580
1,500
560
1,000
540
500
520
0
2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 10.00%
# of
Payments
3
6
12
18
36
72
78
Payment
7,830.78
3,846.35
1,905.74
1,266.60
631.35
315.19
290.91
Total
Interest
3,492.34
3,078.10
2,868.88
2,798.80
2,728.60
2,693.68
2,690.98
6,000
5,000
1,600
1,400
4,000
1,200
1,000
3,000
800
2,000
600
400
1,000
200
Num ber of Paym ents
0
12
18
24
30
36
42
48
54
60
500
72
1,500
300
1,000
200
100
66
2,000
400
0
$0.00
[42]
Frequency
Annually
Semi-Annually
Quarterly
Bi-Monthly
Monthly
Semi-Monthly
Bi-Weekly
3
Monthly
500
Dow n Paym ent
0
$1,000.00 $2,000.00 $3,000.00 $4,000.00 $5,000.00
2,500
Payment
2,900
2,000
T otal Interest
2,850
1,500
2,800
[42]
2,750
1,000
500
0
Quarterly
2,700
2,650
Paym ent Frequency

Bi-Monthly
Monthly
Semi-Monthly
2,600
Bi-Weekly
2007 Vertex42 LLC
HELP
Getting Started
Additional Help
SEE ALSO
SEE ALSO
TIPS
p://www.vertex42.com/Calculators/auto-loan-calculator.html
etting Started
General help information for how to use each calculator is provided on the right side of each
worksheet. Specific help information for cells is provided via cell comments.
dditional Help
The link at the top of this worksheet will take you to the web page on vertex42.com that talks about
this template.
REFERENCES
Vertex42.com: Loan Amortization Schedule
Vertex42.com: Personal Budget Spreadsheet
Vertex42.com: Spreadsheet Tips Workbook
Auto Loan Calculator
uto Loan Calculator

By Vertex42.com

This spreadsheet, including all worksheets and associated content is a copyrighted work
under the United States and other copyright laws.
Do not submit copies or modifications of this template to any website or online template
gallery.
Please review the following license agreement to learn how you may or may not use this
template. Thank you.
See License Agreement
http://www.vertex42.com/licensing/EULA_personaluse.html
Do not delete this worksheet. If necessary, you may hide it by right-clicking on the tab and
selecting Hide.

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Auto Loan Calculator

Purchase Price (before tax)

Set to 0 if included in sale price

If you don't know, set to FALSE

e.g. $40 to $100

e.g. $10 per month

Less Down Payment

Total Loan Amount

2007 Vertex42 LLC

2007-2016 Vertex42 LLC

Set to 0 if included in sale price

If you don't know, set to FALSE

2007 Vertex42 LLC

Auto Loan Payment Calculator

Effect of Extra Payments

Auto Loan Amount

Summary (with no extra payments)

Due Date Payment Due

2007 Vertex42 LLC

Due Date Payment Due

Due Date Payment Due

Due Date Payment Due

2007 Vertex42 LLC

2007-2016 Vertex42 LLC

Effect of Extra Payments

Using This Worksheet

Use the AutoLoanCalculator worksheet to

The payment is rounded to the nearest cent.

2007 Vertex42 LLC

2007 Vertex42 LLC

2007 Vertex42 LLC

Auto Loan Payment & Interest Comparisons

Auto Loan Amount

2007-2016 Vertex42 LLC

Term of Loan in Years

Num ber of Paym ents

Dow n Paym ent

Paym ent Frequency

2007 Vertex42 LLC

2007-2016 Vertex42 LLC

007-2016 Vertex42 LLC

Auto Loan Calculator

uto Loan Calculator

2007-2016 Vertex42 LLC

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