Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions.
Key Principles
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers.
Editorial Independence
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.
Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.
We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.
Financing a new or used car can be a bit daunting. Fortunately, there are plenty of tools to help with the calculations involved in a loan. A car loan calculator can help you make the right decision for your situation and can help you save money in the long run. Here are three options, along with calculators, to help you estimate and save.
The promotional rate analysis
Some dealers and other institutions offer promotional rates on car loans. These promotional rates often have lower monthly payments and can save you a good amount of cash in the long run, but it’s still wise to compare them to other offers. Many companies offer tools to compare a few different financing options at once. To compare three offers, check out Bankrate.com’s car loan calculator section.
Monthly payment car loan calculator
It’s vital to know if you can afford your monthly car loan payments on a particular loan. The first step to determining what you can afford is to set a monthly budget. If you already have a general idea of what you can pay, start looking for loans. After receiving a few different offers, calculate your monthly payment with each loan, and shoot for the lowest you can find. To search for auto loans in your area, use an online auto loan finder.
Calculating the down payment
How much money should you put down when financing a vehicle? The more money you put down, the more you’ll save in the long run. However, putting down a large amount isn’t always feasible. It’s important to put down as much as you can while still keeping your finances stable. Bankrate.com offers a down payment analysis in the car loan calculator section.
Share