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Yes most car dealers do use what is known as the simple car loan interest calculator. If the dealer you thinking of purchasing from has a webpage, most of these contain a calculator online as well.

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Q: Do most car dealers use simple interest loan calculators?
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Related questions

Where can you find information about simple interest loan calculators?

Almost all financial and lending institutions have free simple interest loan calculators on their webites. Chase and Bank of America are two companies that make this available.


Is a simple interest loan calculator simple?

Yes, usually these calculators just allow you to put in the principal amount of the loan, number of months the loan is over, and the interest rate and it helps you figure out your problems.


Do the car loan payment calculators calculate interest of the car?

Yes, car loan payment calculators should calculate interest of the car loan. They will most likely ask you to enter the interest rate, so they can include interests in their calculations.


Is it simple to use loan calculators?

You can find loan calculators online that do all of the work for you. Bankrate.com has several different financial calculators to use. You simply plug in your numbers and it does the rest.


Where can loan consolidation interest rates be compared?

Online loan calculators such as FinAid can be used to compare loan consolidation interest rates. You can also visit bank websites and compare manually.


Do any websites have a simple loan calculator where I can calculate the monthly payment for a loan?

There are money online loan calculators that will provide you with monthly payment information and the total amount and interest you will re-pay over the life of the loan. Here is just one of them - http://www.yourloancalculator.com/


Are loan consolidation calculators reliable?

Loan Consolidation Calculators give the loanee information on how consolidating his or her loans will affect both their loan payment, loan balance, total interest, and time to repay the loans. Overall, these calculators seem to be reliable and are great tools for recent graduates before or during repayment.


What is a simple interest in math?

Simple interest is interest that is calculated only on the amount of unpaid principal on a loan. Such interest is not added to the value of the loan but is tracked separately. Compound interest is interest that is calculated on the total of unpaid principal and accumulated interest on a loan. The difference is in simple interest there is no interest charged on accumulated interest while in compound interest there is interest charged on accumulated interest.


What is the payment for a 3000 loan for 18 months?

Depends mostly on the interest rate. There are quite a few banks that have loan calculators on their website.


Definition of simple interest?

Simple interest is a term that is used for quickly calculating the interest charge on a loan.


What type of interest is better to have when applying for a loan?

A+ Simple Interest


How do you use a loan calculator?

Loan calculators are based on the amount of the loan taking into considerations the interest rate offered by the bank and the time period to pay back the loan. There are many loan calculators available on financial institution websites, including one on bank rate dot com.