Auto Loan Calculator421
Upcoming SlideShare
Loading in...5
×
 

Auto Loan Calculator421

on

  • 290 views

Excel Templates

Excel Templates

Statistics

Views

Total Views
290
Views on SlideShare
290
Embed Views
0

Actions

Likes
0
Downloads
2
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Auto Loan Calculator421 Auto Loan Calculator421 Document Transcript

    • Auto Loan Calculator © 2007 Vertex42, LLC v 1.0 VINOD KADDIMANI Purchase Price (before tax) Sale Price + Options 30000 Destination charge 0 Set to 0 if included in sale price Title Transfer Fee 0 e.g. $10 Other Taxable Fees 0 Purchase Price 30000.00 State Sales Tax Trade-In is Tax Deductible FALSE If you don't know, set to FALSE Cash Rebate is Tax Deductible FALSE If you don't know, set to FALSE State Sales Tax Rate 9.25% e.g. $6.25% Net Taxable 30000 State Sales (Excise) Tax 2775.00 Non-Taxable Fees Registration 40 e.g. $40 to $100 Late Registration Fee 0 e.g. $10 per month Service Contract 0 e.g. $250 to $1000 Read This Special Plate Fee 0 e.g. $25 Administration Fee 3 e.g. $3 Transaction Fee 3 e.g. $3 Late Title Transfer Fee 0 e.g. $25 to $200 Duplicate Title Fee 0 e.g. $25 Other Non-Taxable Fees 0 Total Non-Taxable Fees 46.00 Loan Amount Unpaid Loan Balance on Trade-In 0 Less Down Payment 0 Less Value of Trade-In 0 Less Cash Rebate 0 Total Loan Amount 32821.00 http://www.vertex42.com/Calculators/auto-loan-calculator.html
    • Page 2 of 7 Auto Loan Payment Calculator v 1.0 VINOD KADDIMANI Inputs Effect of Extra Payments Auto Loan Amount 75000 Total Payments 85232.32 Annual Interest Rate 8.50% Total Interest 10232.32 Term of Loan in Years 3 Reduced Interest None First Payment Date 8/1/2009 Number of Payments 36 Frequency of Payment Monthly Last Payment Date 7/1/2012 80,000 Balance Summary (with no extra payments) 60,000 No Extra Payments Number of Payments 36 40,000 Rate (per period) 0.708% 20,000 Payment (per period) 2,367.57 0 Total Interest 10232.35 Aug/09 Nov/09 Aug/10 Nov/10 Aug/11 Nov/11 Feb/10 Feb/11 Feb/12 May/11 May/12 May/10 -20,000 Total Payments 85232.35 . Payment Additional No. Due Date Due Payment Interest Principal Balance 75000 1 8/1/2009 2,367.57 0.00 531.25 1,836.32 73,163.68 2 9/1/2009 2,367.57 0.00 518.24 1,849.33 71,314.35 3 10/1/2009 2,367.57 0.00 505.14 1,862.43 69,451.92 4 11/1/2009 2,367.57 0.00 491.95 1,875.62 67,576.30 5 12/1/2009 2,367.57 0.00 478.67 1,888.90 65,687.40 6 1/1/2010 2,367.57 0.00 465.29 1,902.28 63,785.12 7 2/1/2010 2,367.57 0.00 451.81 1,915.76 61,869.36 8 3/1/2010 2,367.57 0.00 438.24 1,929.33 59,940.03 9 4/1/2010 2,367.57 0.00 424.58 1,942.99 57,997.04 10 5/1/2010 2,367.57 0.00 410.81 1,956.76 56,040.28 11 6/1/2010 2,367.57 0.00 396.95 1,970.62 54,069.66 12 7/1/2010 2,367.57 0.00 382.99 1,984.58 52,085.08 13 8/1/2010 2,367.57 0.00 368.94 1,998.63 50,086.45 14 9/1/2010 2,367.57 0.00 354.78 2,012.79 48,073.66 15 10/1/2010 2,367.57 0.00 340.52 2,027.05 46,046.61 16 11/1/2010 2,367.57 0.00 326.16 2,041.41 44,005.20 17 12/1/2010 2,367.57 0.00 311.70 2,055.87 41,949.33 18 1/1/2011 2,367.57 0.00 297.14 2,070.43 39,878.90 19 2/1/2011 2,367.57 0.00 282.48 2,085.09 37,793.81 20 3/1/2011 2,367.57 0.00 267.71 2,099.86 35,693.95 21 4/1/2011 2,367.57 0.00 252.83 2,114.74 33,579.21 22 5/1/2011 2,367.57 0.00 237.85 2,129.72 31,449.49 23 6/1/2011 2,367.57 0.00 222.77 2,144.80 29,304.69 24 7/1/2011 2,367.57 0.00 207.57 2,160.00 27,144.69 25 8/1/2011 2,367.57 0.00 192.27 2,175.30 24,969.39 26 9/1/2011 2,367.57 0.00 176.87 2,190.70 22,778.69 27 10/1/2011 2,367.57 0.00 161.35 2,206.22 20,572.47 28 11/1/2011 2,367.57 0.00 145.72 2,221.85 18,350.62 29 12/1/2011 2,367.57 0.00 129.98 2,237.59 16,113.03 http://www.vertex42.com/Calculators/auto-loan-calculator.html © 2007 Vertex42 LLC
    • Page 3 of 7 30 1/1/2012 2,367.57 0.00 114.13 2,253.44 13,859.59 31 2/1/2012 2,367.57 0.00 98.17 2,269.40 11,590.19 32 3/1/2012 2,367.57 0.00 82.10 2,285.47 9,304.72 33 4/1/2012 2,367.57 0.00 65.91 2,301.66 7,003.06 34 5/1/2012 2,367.57 0.00 49.61 2,317.96 4,685.10 35 6/1/2012 2,367.57 0.00 33.19 2,334.38 2,350.72 36 7/1/2012 2,367.37 0.00 16.65 2,350.72 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 http://www.vertex42.com/Calculators/auto-loan-calculator.html © 2007 Vertex42 LLC
    • Page 4 of 7 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 http://www.vertex42.com/Calculators/auto-loan-calculator.html © 2007 Vertex42 LLC
    • Page 5 of 7 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Ending Balance: http://www.vertex42.com/Calculators/auto-loan-calculator.html © 2007 Vertex42 LLC
    • Auto Loan Payment & Interest Comparisons v 1.0 VINOD KADDIMANI Unless otherwise indicated, the comparison tables are Auto Loan Amount 75000 The calculations in this based on the Loan Amount, Interest Rate, Term, and worksheet assume that Frequency listed to the right. These values can be Annual Interest Rate 8.50% no extra payments are changed in the PaymentCalculator worksheet. Term of Loan in Years 3 made. Frequency of Payment Monthly Annual Total 2,450 Payment 14,000 Interest Rate Total Paid Payment Interest 2,400 Total Interest 12,000 2.00% 77,334.84 2,148.19 2,334.84 2,350 10,000 2,300 3.00% 78,519.24 2,181.09 3,519.24 2,250 8,000 4.00% 79,714.80 2,214.30 4,714.80 2,200 5.00% 80,921.52 2,247.82 5,921.52 6,000 2,150 6.00% 82,139.40 2,281.65 7,139.40 4,000 2,100 7.00% 83,368.08 2,315.78 8,368.08 2,000 2,050 8.00% 84,608.28 2,350.23 9,608.28 Annual Interest Rate 2,000 0 9.00% 85,859.28 2,384.98 10,859.28 10.0% 3.0% 5.0% 6.0% 8.0% 2.0% 4.0% 7.0% 9.0% 10.00% 87,121.44 2,420.04 12,121.44 # of Total 7,000 Payment 25,000 Payments Total Paid Payment Interest Total Interest 6,000 6 76,870.32 12,811.72 1,870.32 20,000 12 78,497.76 6,541.48 3,497.76 5,000 18 80,147.70 4,452.65 5,147.70 15,000 24 81,820.32 3,409.18 6,820.32 4,000 30 83,515.20 2,783.84 8,515.20 3,000 36 85,232.52 2,367.57 10,232.52 10,000 42 86,971.92 2,070.76 11,971.92 2,000 48 88,733.76 1,848.62 13,733.76 5,000 1,000 54 90,518.04 1,676.26 15,518.04 Number of Payments 60 92,324.40 1,538.74 17,324.40 0 0 66 94,152.96 1,426.56 19,152.96 12 18 24 30 36 42 48 54 60 66 72 72 96,003.36 1,333.38 21,003.36 Down Loan Total 2,500 Payment 12,000 Payment Amount Payment Interest 2,000 Total Interest 10,000 9,800.00 65,200.00 2,058.20 8,895.20 8,000 1,500 3,750.00 71,250.00 2,249.19 9,720.84 6,000 7,500.00 67,500.00 2,130.81 9,209.16 1,000 4,000 11,250.00 63,750.00 2,012.43 8,697.48 500 15,000.00 60,000.00 1,894.05 8,185.80 2,000 18,750.00 56,250.00 1,775.67 7,674.12 0 Down Payment 0 $15,000 $18,750 $11,250 $9,800 $3,750 $7,500 http://www.vertex42.com/Calculators/auto-loan-calculator.html
    • # of Total Payment 8,000 11,000 Frequency Payments Payment Interest 7,000 10,800 Total Interest Annually 3 29,365.44 13,096.32 6,000 5,000 10,600 10,400 Semi-Annually 6 14,423.80 11,542.80 4,000 10,200 3,000 Quarterly 12 7,146.53 10,758.36 2,000 10,000 Bi-Monthly 18 4,749.76 10,495.68 1,000 9,800 0 9,600 Monthly 36 2,367.57 10,232.52 Bi-Weekly Semi-Monthly Quarterly Bi-Monthly Monthly Semi-Monthly 72 1,181.95 10,100.40 Bi-Weekly 78 1,090.90 10,090.20 Payment Frequency http://www.vertex42.com/Calculators/auto-loan-calculator.html