Northwest Community Credit Union
 
 
 
 
Northwest Community Credit Union

Calculators - Car Loan Helper

Calculate the payments or price of your next car

Auto loan rates (as of 4/1/2008)

Loan for: Term: APR*:
New autos 84 mo. 5.14%
Used Autos 84 mo. 5.14%

Use this calculator to help estimate your monthly car payment.  It's also a great way to know how much car you can afford before you start shopping for your next vehicle.  After you enter your information, use the graph options to see how different loan terms or downpayments can affect your payments.  You can also examine your complete amortization schedule by clicking on the "View Report" button.  This is a handy tool but it's not a guarantee of financing, rates or how many months you can extend your payments.  Individual loan terms and credit condition may affect your rate or terms.

*Auto rates shown are Annual Percentage Rates (APR) and are subject to change without notice. Rates will vary depending on credit worthiness. All loans are subject to approval. Regular terms and conditions apply. Loan terms available may vary depending on amount borrowed, credit history, or payment method. See or call branch for details. NWCU is an Equal Opportunity Lender.

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Definitions

Monthly payment
Monthly payment for your auto financing.

Total purchase price (before tax)
This is the total cost of your auto purchase. Include the cost of the vehicle, any additional options and any destination charges. Don't include sales tax in this amount. Sales tax will be calculated for you and included in your total after tax price.

Term in months
Number of months for this loan.

Interest rate
Annual interest rate for this loan.

Cash down
Total amount of cash used in this purchase. The larger your cash down payment the smaller the loan you will need to finance this purchase.

Trade allowance
The total amount that you are given for any automobile that you trade-in as part of this purchase. In some states a trade-in can also reduce the amount of sales tax you will owe. See the definition for "Sales tax deduction for trade-in" for more information on trade-in vehicles and sales tax.

Amount owed on trade
Total loan balance still outstanding on the trade-in.

Non-taxable fees (optional)
Any additional fee that is not subject to sales tax. This usually includes document fees or any other fees that may be due at delivery and are not taxable.

Taxable fees (optional)
Any additional fee that is subject to sales tax. This usually includes title transfer fees or any other fees that may be due at delivery and are taxable.

Sales tax rate
Sales tax percentage rate charged on this purchase.

No sales tax deduction for trade-in
If you live in a state where your sales tax is calculated on your full purchase price, check this box. If this box is unchecked, sales tax is calculated on the purchase price less trade in. Currently California, the District of Columbia, Hawaii, Maryland, and Michigan allow no deductions for trade-ins when calculating sales tax. In addition, Alaska, Delaware, Montana, New Hampshire, and Oregon have no sales tax on autos.



This credit union is federally insured by the National Credit Union Administration. Equal Housing Lender.
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