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The car loan calculator should exhibit proper use of exception handling,methods, iteration and selection statements and arrays.... it should require CAR PRICE, DOWN PAYMENT,MONTH LOAN and LOAN INTEREST
are you looking for somebody to write you the whole code for you?
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Basically what a finance company uses to determine the amount of money they will lend towards the purchase of a used car. I'm not looking for a trade-in, retail or private seller value - things i can obtain from Kelly Blue Book or Nada. I'm looking for a calculator that will give me the loan value of a used car based on the year, make, model and mileage.
there is one on MSN, i have to find it thought will edit this post and report w/ a link..
*edit*
http://autos.msn.com/kbb/default.aspx
it starts off w/ KBB but when you hit the next buttion you can pick everything with the car and itll tell you, its accurate IMO.
I'm talking about JUST the car. Not the gas, insurance, licensing, maintence, etc. I still live with my parents so I don't have to worry about paying rent or any other expenses. I'd probably have a 10% interest rate because I am younger my bank said. I would want a 4 year loan probably or the longest I can get a used car loan for. Is there a formula or an online calculator to help figure this out for myself? Thanks!
Probably double that :(
I know there are alot of online calculators available, but I need to know how the interest works for car loans ? I am trying to calculate the interest myself without using an online calculator and my monthyly payments.
This may look kind of crazy but it's correct.
Present Value = Cost [1-1/(1+rate)^time / rate]
20,000 = C [1-1/(1.0058)^60months / .0058
*that .0058 is .07/12
I don't have a calculator near me right now but if you multiply 1.0058 to the 60th power and sub that answer in and divide the C# by 20,000 you'll have the answer.
I'm trying to find out what price of car I can afford but all the payment calculators ask what interest rate. How would I know this? I have good credit and think I need a 72 mo loan. Anyone know the usual rate?
If you're credit is reasonable, expect a 10% apr for used car loans.
6 year loan is not a good idea. The value of the car wind up less than what you're paying. Plus, the interest payments will eat you alive.
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Reply to comment ScienceBlog.com- Feb 07, 2009
Reply to commentScienceBlog.com, CAOne can take help of car loan calculator to determine the affordable monthly payment and interest rates. Your new question to yourself should be what type of car you want to buy; a new or used and upto how much value? As this do affect car loan rates.- Feb 17, 2009
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