Auto Loan Calculator © 2007 Vertex42 LLC

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Purchase Price (before tax)

Sale Price + Options $ 20,000
Destination charge $ - Set to 0 if included in sale price
Title Transfer Fee $ - e.g. $10
Other Taxable Fees $ -
Purchase Price $ 20,000

State Sales Tax

Trade-In is Tax Deductible 0 If you don't know, set to FALSE
Cash Rebate is Tax Deductible 0 If you don't know, set to FALSE
State Sales Tax Rate 6.25% e.g. 6.25%
Net Taxable $ 20,000
State Sales (Excise) Tax $ 1,250.00

Non-Taxable Fees
Registration
Late Registration Fee
Service Contract
Special Plate Fee
Administration Fee
Transaction Fee
Late Title Transfer Fee
Duplicate Title Fee
Other Non-Taxable Fees
Total Non-Taxable Fees
40 e.g. $40 to $100
0 e.g. $10 per month
0 e.g. $250 to $1000
0 e.g. $25
3 e.g. $3
3 e.g. $3
0 e.g. $25 to $200
0 e.g. $25
0
$ 46

Loan Amount

Unpaid Loan Balance on Trade-In 0

Less Down Payment 0

Less Value of Trade-In 0
Less Cash Rebate 0

Total Loan Amount $ 21,296

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 Page 2 of 6

Auto Loan Payment Calculator © 2007 Vertex42 LLC

http://www.vertex42.com/Calculators/auto-loan-calculator.html © 2007 Vertex42 LLC

Inputs Effect of Extra Payments

Auto Loan Amount 350000 Total Payments $ 389,364.36
Annual Interest Rate 10.45% Total Interest $ 39,364.36
Term of Loan in Years 2 Reduced Interest None
First Payment Date 5/8/2013 Number of Payments 24
Frequency of Payment Monthly Last Payment Date 4/8/2015

12
Summary (with no extra payments) Balance
10 No Extra Payments
Number of Payments 24
8
Rate (per period) 0.871%
6
Payment (per period) $16,223.51
4
Total Interest $39,364.36
2
Total Payments $389,364.36
. 0

Payment Additional
No. Due Date Due Payment Interest Principal Balance
$350,000.00
1 5/8/2013 16,223.51 0.00 3,047.92 13,175.59 336,824.41
2 6/8/2013 16,223.51 0.00 2,933.18 13,290.33 323,534.08
3 7/8/2013 16,223.51 0.00 2,817.44 13,406.07 310,128.01
4 8/8/2013 16,223.51 0.00 2,700.70 13,522.81 296,605.20
5 9/8/2013 16,223.51 0.00 2,582.94 13,640.57 282,964.63
6 10/8/2013 16,223.51 0.00 2,464.15 13,759.36 269,205.27
7 11/8/2013 16,223.51 0.00 2,344.33 13,879.18 255,326.09
8 12/8/2013 16,223.51 0.00 2,223.46 14,000.05 241,326.04
9 1/8/2014 16,223.51 0.00 2,101.55 14,121.96 227,204.08
10 2/8/2014 16,223.51 0.00 1,978.57 14,244.94 212,959.14
11 3/8/2014 16,223.51 0.00 1,854.52 14,368.99 198,590.15
12 4/8/2014 16,223.51 0.00 1,729.39 14,494.12 184,096.03
13 5/8/2014 16,223.51 0.00 1,603.17 14,620.34 169,475.69
14 6/8/2014 16,223.51 0.00 1,475.85 14,747.66 154,728.03
15 7/8/2014 16,223.51 0.00 1,347.42 14,876.09 139,851.94
16 8/8/2014 16,223.51 0.00 1,217.88 15,005.63 124,846.31
17 9/8/2014 16,223.51 0.00 1,087.20 15,136.31 109,710.00
18 10/8/2014 16,223.51 0.00 955.39 15,268.12 94,441.88
19 11/8/2014 16,223.51 0.00 822.43 15,401.08 79,040.80
20 12/8/2014 16,223.51 0.00 688.31 15,535.20 63,505.60
21 1/8/2015 16,223.51 0.00 553.03 15,670.48 47,835.12
22 2/8/2015 16,223.51 0.00 416.56 15,806.95 32,028.17
23 3/8/2015 16,223.51 0.00 278.91 15,944.60 16,083.57
24 4/8/2015 16,223.63 0.00 140.06 16,083.57 0.00
0.00
0.00
0.00
0.00
0.00

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 Page 3 of 6

0.00
0.00
0.00
0.00
0.00
0.00
0.00

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Auto Loan Payment & Interest Comparisons © 2007 Vertex42 LLC

http://www.vertex42.com/Calculators/auto-loan-calculator.html © 2007 Vertex42 LLC

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Frequency of Payment Monthly

16,500 40,000
Annual Total Payment
Interest Rate Total Paid Payment Interest 35,000
Total Interest
16,000
2.00% 357,338.16 14,889.09 7,338.16 30,000
3.00% 361,042.08 15,043.42 11,042.08 15,500 25,000
4.00% 364,769.28 15,198.72 14,769.28 20,000
5.00% 368,519.76 15,354.99 18,519.76 15,000 15,000
6.00% 372,293.04 15,512.21 22,293.04
10,000
7.00% 376,089.60 15,670.40 26,089.60 14,500
8.00% 379,909.20 15,829.55 29,909.20 5,000

9.00% 383,751.84 15,989.66 33,751.84 14,000 0

3.0%

5.0%

6.0%

8.0%

10.0%
2.0%

4.0%

7.0%

9.0%
10.00% 387,617.28 16,150.72 37,617.28
Annual Interest Rate

# of Total 35,000 140,000

Payment
Payments Total Paid Payment Interest
Total Interest
6 360,744.78 60,124.13 10,744.78 30,000 120,000
12 370,126.32 30,843.86 20,126.32
25,000 100,000
18 379,666.26 21,092.57 29,666.26
24 389,364.24 16,223.51 39,364.24 20,000 80,000
30 399,220.20 13,307.34 49,220.20
36 409,233.96 11,367.61 59,233.96 15,000 60,000
42 419,404.44 9,985.82 69,404.44
10,000 40,000
48 429,731.04 8,952.73 79,731.04
54 440,213.94 8,152.11 90,213.94 5,000 20,000
60 450,852.00 7,514.20 100,852.00
66 461,644.26 6,994.61 111,644.26 0 Number of Payments 0
72 472,590.00 6,563.75 122,590.00 12 18 24 30 36 42 48 54 60 66 72

Down Loan Total 18,000 Payment 45,000

Payment Amount Payment Interest 16,000 Total Interest
40,000
14,000 35,000
$0.00 350,000.00 16,223.51 39,364.24
12,000 30,000
$17,500.00 332,500.00 15,412.34 37,396.16
10,000 25,000
$35,000.00 315,000.00 14,601.16 35,427.84 8,000 20,000
$52,500.00 297,500.00 13,789.99 33,459.76 6,000 15,000
$70,000.00 280,000.00 12,978.81 31,491.44 4,000 10,000
$87,500.00 262,500.00 12,167.64 29,523.36 2,000 5,000
0 0
[42]
$0

$17,500

$52,500

$87,500
$35,000

$70,000

Down Payment

http://www.vertex42.com/Calculators/auto-loan-calculator.html
 # of Total
60,000 43,000
Frequency Payments Payment Interest Payment
Total Interest 42,000
Annually 2 202,885.29 55,770.58 50,000
Semi-Annually 4 99,220.53 46,882.12 40,000
[42] 41,000
Quarterly 8 49,048.00 42,384.00 40,000
Bi-Monthly 12 32,573.03 40,876.36 30,000
39,000
Monthly 24 16,223.51 39,364.24 20,000
38,000
Semi-Monthly 48 8,095.97 38,606.56
10,000 37,000
Bi-Weekly 52 7,472.09 38,548.68
0 36,000
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http://www.vertex42.com/Calculators/auto-loan-calculator.html