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That depends on the amount borrowed, the interest rate, fees and the length of the payback period.

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13y ago

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What is your car loan interest rate How much did you buy your car for and how much is your payment?

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What is a pre-approved car loan?

A pre approved car loan is a loan where the car dealer or banks have already run your credit. They have determined how much money they will lend you and what you can afford to buy.


Can you get car loan with bad pay history from previous loan?

One man had bad credit and had to pay 27% interest on his loan. Yes, he got a car loan. He did not get a 7% loan. You can probably get a car loan. There is no telling what percent you will have to pay and how much down payment you will need to put up.


Will a car amortization calculator tell me how much a car loan will cost per month?

You can find a a car amortization calculator at www.bankrate.com/calculators/auto/auto-loan-calculator.aspx.


What is a car loan payment calculation?

The easy-to-use auto loan calculator helps car buyers plan monthly car loan payments. Calculate car financing and car payments in advance to make a smart decision on how much you might owe each month.


How much monthly income must you show to a car loan lender for a 9000.000 car?

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Can a financed car be used as collateral for a loan?

Since the car is financed, it already is collateral for a loan. Your car loan uses the car as collateral for that loan. I think the only way for you to use the car as collateral for a different loan is to have the NEW lender pay off your car loan, tack the ammount of the car loan on to the new loan you are getting, therefore they would then be the leinholder on the car.


Is a car loan considered an installment loan?

Yes, a car loan is considered an installment loan.


Can you add a previous car loan into a new car loan?

No, it is not possible. Your previous loan must be completed to get a new car loan


Where can one find a payment calculator for a car loan?

All banks that offer loans, whether it be a car loan, business loan, or house loan, also offer a payment calculator which helps determine how much someone can afford to pay.


Is a car loan secured or unsecured?

A car loan is typically a secured loan, meaning the car itself serves as collateral to secure the loan.


What interest rate is the National bank using in its car loan calculator?

Depending on the terms of the loan and the loan amount, the rate can very from 5.75% for a 3 year loan to 4.829% for a 5 year loan. The age of the car may also be a factor in how much interest you will pay.