Why Use an Auto Payoff Calculator?
Essential for car owners and buyers, this calculator helps:
- Loan Planning: Understand total interest costs
- Prepayment Analysis: See impact of extra payments
- Budget Management: Plan monthly payments
- Negotiation: Compare different loan terms
Key Features
- Amortization schedule calculations
- Extra payment impact analysis
- Interest savings visualization
- Payoff date prediction
- Mobile-friendly design
How It Works
- Enter loan details (amount, rate, term)
- Add optional extra payments
- Get instant payment breakdown
- View interest savings and payoff timeline
Auto Loan Formulas
| Calculation |
Formula |
| Monthly Payment |
P = (Pv*r)/(1-(1+r)^-n) |
| Total Interest |
(Monthly Payment * n) - Pv |