Best Auto Loan Calculator – Calculate Your Car Loan EMI Payments


Snigdha
By Snigdha | November 3, 2022 4:58 pm

If you are like most Americans, you need to consider taking out a vehicle loan. However, before you decide which car you are going to buy and put in the down payment, it is important that you have a clear understanding of the loan amount and the car loan EMI payment plan that you will have to opt for.

There are a number of car payment calculators available online, and you can use any of them to get a clear estimate of the amount of money you will pay and how long you will pay the loan EMI for.

There was a time when creating an app used to be only for those with a big budget or specialized skills. You can also create your own car loan calculator app with Appy Pie in minutes, without coding, and do it under budget.

What Is A Car Loan Calculator?

A car loan calculator or an auto loan calculator is an online tool where users can simply input details like the price of the car, the loan term, the interest rate, the down payment, and tax rates. You will then get the total loan amount you will have to take for your car and the monthly loan installments you will be paying.

Best Auto Loan Calculators

Now that you know which car you want to buy and have all the financial details, it is time to use a car interest calculator. However, there are a number of auto loan payment calculators available online, and it can get a little intimidating to find the perfect one for you.

  1. Auto Loan Calculator by Financept

    This loan calculator app is unique in predicting your loan payments. The Android app is super simple to use and lets you calculate your loan payments using several different metrics. You need to enter some information, including the vehicle value, the down payment, and the loan amount. Each of these factors contributes to the final calculation of the loan payment.
    Next, pick the time you’re planning to pay the loan in months or years. You can also choose to add information, including APR, taxes, other fees, and trade-in value. Once you’ve added these numbers, the app automatically calculates the regular pay and shows you the detailed loan amortization. Additionally, you also get information like the total cost, interest, payoff date, and more.

  2. Car Loan Calculator Plus by AppRebel, Inc.

    This iOS app lets you generate a car credit plan. The operation of the Car Loan Calculator Plus app is pretty much like any other auto loan calculator app. Begin by adding in information like the price of the car, the down payment, and the trade-in value, it is good to add in the value of the sales tax if you know it, otherwise, you can simply leave it be. However, you will have to enter the time period in months, not years. You can also choose the payment frequency. After you’ve added all this information, the app will give you a detailed analysis of the car loan. The car payment estimator will build an amortization schedule so that you know how much you need to pay and when.

  3. Car Truck Payment Calculator by Starflower Solutions

    The Car Truck Payment Calculator is an Android app to help you with your car purchase decision. The reason why this app is popular is that it can help you finance any kind of vehicle, even RVs and boats. You will have to enter all the details, including whether you are buying from a dealer or an individual, then all the information pertinent to your credit details. This includes the worth of the car, the down payment, the APR, and the terms in months. There are multiple optional metrics like trade-in value, dealer fees, discount, tax rate, loan payoff, and more that you can provide to make the calculations more accurate.

  4. Car Loan Calculator by Rizauddin Saian

    One of the most straightforward car loan payoff calculators, this Android app generates detailed car loan reports. The app literally has just one page, so there is no confusion. The only limitation here is that you only get the monthly debts, but you can’t view the payment plans and the graphs. The app also doesn’t save your calculations, so you must take a screenshot if you want to compare multiple calculations. The app is basic but does the job well and is entirely free to use, and runs without ads.

  5. Vehicle Loan Calculator by Hopebest Apps

    This auto loan payment calculator has a simple and easy-to-use Android app that gives you all the loan details you need. You need to start by adding in all the details, like the price of the car, the APR, and credit terms. Then add other details like the car’s trade-in value, the cash rebate, down payment, dealer fees, taxes, warranty, add-ons, etc. The app will then give you the monthly loan payment and a detailed schedule. You can also check the total taxes. You will also get a diagram to help you understand how much of your debt is APR.

However, it is entirely possible to create your own car payment calculator app using Appy Pie’s Android app builder or iOS app builder. Here is the simple three-step process to help you make your own app in minutes!

  1. Enter the name of your car loan app
    Choose the right app category, color theme, and testing device. Personalize the app with your brand logo and customized content.
  2. Drag and drop the desired features
    Add the relevant features to make your loan calculator app. Edit the features and the visual elements to make your app perfect.
  3. Test and go live!
    Test your app on a real device and straighten out all the bugs and kinks. Launch the app on Google Play and Apple App Store.

Snigdha

Content Head at Appy Pie

App Builder

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