Excel Templates

1. 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
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2. 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

3. 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
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http://www.vertex42.com/Calculators/auto-loan-calculator.html © 2007 Vertex42 LLC

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http://www.vertex42.com/Calculators/auto-loan-calculator.html © 2007 Vertex42 LLC

5. Page 5 of 7
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Ending Balance:
http://www.vertex42.com/Calculators/auto-loan-calculator.html © 2007 Vertex42 LLC

6. 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

7. # 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