How To Use The Online Car Loan Calculator

Video Transcript

"Now I'm going to get in the segment of we're calculating options for loans and stuff of that nature for your vehicle online. So now we're going to go ahead and press the calculating button for a loan. This gives kind of a rough estimate of what it'll probably cost us. As you can see it has the cost of the value of the car there. We can play around and see what type of down payment we want. So I'm going to put $5,000 down. We didn't put anything for sales tax, we're not sure what the sales tax would be. Then, we can also see our interest rate and everything else that's there. It also has the terms and look what we have here, there's our monthly payments and that's just an estimated calculation."