RIGHT ON
THE MONEY
THE FFUN CAR LOAN CALCULATOR. OUR EASY WAY
TO FIGURE OUT WHAT YOU CAN PAY.
THE BIG
THREE
All three of these terms come into play when it comes to calculating your loan: Principal, Term, and Interest Rate.
PRINCIPAL
That’s the total amount you’re borrowing. In this case it includes the price of the vehicle including taxes and fees minus any down-payment or trade value.
TERM
That’s how long you’ll be paying your loan, usually expressed in months and usually ranging from 36 to 72 of those months.
INTEREST RATE
That’s how long you’ll be paying your loan, usually expressed in months and usually ranging from 36 to 72 of those months.
HOW THE FFUN LOAN CALCULATOR WORKS
It’s easy and it gives you a range of monthly payment options based on your financial and credit situation.
1. PRINCIPAL:
Choose the price of your vehicle. That will be your principal, and it goes from around $5000 to $50,000. If you know the type and value of the vehicle that you’ve been shopping for, plug that in. It’s good to be as accurate as you can.
2. TERMS:
Slide the dial between 1 and 72 months to instantly get a look at how different terms mean different payment amounts.
3. INTEREST:
Start by choosing your credit category. You don’t need your credit score, once you’ve answered a few questions here you’ll have a pretty good idea of what you can qualify for and how interest rates work with your payments. Generally speaking, the better the credit score, the lower the interest rates and the lower the payments as compared to those who have less stellar credit. Either way, we can help.
HAVE FFUN
WITH IT
Try different options to figure out what works with your budget. That might mean going for a less expensive vehicle or choosing a longer term on your loan. With our credit calculator, you’ll be able to look ahead at your financial life after you’ve bought your vehicle.
“HEY! HOW MUCH SHOULD I BORROW?”
Add in all the costs of ownership – gas maintenance, insurance, and sometimes even parking, then payments and you’ll have a real-world budget that you can plan from.
It will also help you decide if you can afford a down-payment. New vehicles cost more and depreciate faster but also come with a manufacturer’s warranty and promise years of predictable ownership. Used vehicles cost less to begin with but as time goes on, they can cost more in maintenance.
NOW FOR THE FFUN STUFF
Once you have your budget, FFUN can help with all of your financing, superfast, (usually on the same day) and easily and get you driving that vehicle you’ve been dreaming of. Get started with our online form or drop us a line to learn more about what we do and how we do it.
