Whether you’re trying to pay off your car early, deciding whether to buy or lease, or simply trying to figure out what your monthly payment will be, a car loan calculator can help. Available for free online, car loan calculators can give you a good estimate of what you’ll be paying. Here are three useful calculators.

The standard

A standard car payment calculator will give you an estimate of your monthly payments and provide an amortization table according to extra payments that you add. You’ll need to know some information including the loan amount, term, interest rate and the start date. By entering extra payments, you can find out how much interest you’ll pay over the life of the loan and see when the loan will officially be entirely paid.

Early payoff

By paying off your loan early, you’ll not only decrease the term of your loan, but you’ll save on interest payments. An early payoff calculator can provide an estimate of your total savings by paying extra on your monthly payment. Gather the number of months you have remaining on your loan, the original term of the loan and the original amount of the loan. Then type in how much extra you’d like to pay per month to pay off the loan early.

Lease or purchase

Leasing a car can be a good decision for some, but it depends on your financial situation. The lease or purchase calculator can help you decide if leasing is a good option for you. According to factors such as the down payment you can make and the miles you drive each year, the car payment calculator will estimate whether leasing or buying would be better for you.

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