How to Calculate Interest on A Car Loan

Know Exactly How Much You’ll Pay For Your Next Vehicle

Shopping for a car loan before you set foot on the lot can save you hundreds of dollars over the course of the loan. The true cost of a car is the price of the vehicle plus the interest on the loan.

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Today I’m going to show you how to use a loan calculator to find the true cost of items you finance.

You’re going to need this loan calculator. (click here for the link)

You’ll Learn

  • How to use a loan calculator
  • How the length of the loan affects how much you pay in interest
  • How even a 1% difference in an interest rate can save you money
  • What types of interest rates to avoid when financing a vehicle

There are other factors that determine how much you pay for your vehicle:

Learn to save money on your car payment

Learn to save money on your auto insurance

As promised in the video you can get the Money Management Spreadsheet below.