Auto Loan Formula: Auto Loan Payment = PMT( Interest Rate, Number of Months in Auto Loan, Auto Loan Amount, 0)
Auto Loan Definition The free online Auto Loan Calculator just couldn’t be any easier to use! Simply enter in the auto loan amount, the number of months that the auto loan lasts, and the auto loan interest rate. Press the button and presto! You now have just calculated an auto loan payment! If you are looking for some fancy auto loan calculations then rest easy because all you have to do is enter in some simple number and press the button – all of the heavy lifting goes on underneath the hood of this Auto Loan Calculator. Try it out and then get started buying your car!
How to Calculate Auto Loan Let's be honest - sometimes the best auto loan calculator is the one that is easy to use and doesn't require us to even know what the auto loan formula is in the first place! But if you want to know the exact formula for calculating auto loan then please check out the "Formula" box above.