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To calculate the monthly payment on an auto loan use this. car payment formula: c = Monthly Payment. r = Monthly Interest Rate (in Decimal Form) =. (Yearly Interest Rate/100) / 12. P = Principal Amount on the Loan.How do you calculate the total cost of a car loan?
To calculate the total loan cost of a vehicle loan use this formula: r = Monthly Interest Rate (in Decimal Form) = (Yearly Interest Rate/100) / 12 P = Principal Amount on the Loan N = Total # of Months for the loan...How do I calculate my car finance?
Part 1 of 3: Determining the Amount to Finance Settle on the price of the vehicle that you're buying with the dealership or seller. ... Calculate the amount of state sales tax and add it to the estimated purchase price. Also find out how much your state charges for tax and title fees. Deduct the trade-in value from the price of the car (if applicable). ... Add any fees that the dealer charges. ... More items...