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Go Auto’s car loan calculator. purchasing a vehicle usually requires a significant financial investment. Even a modestly priced vehicle-let’s say $8,000 to $10,000-is more than most people can afford to pay with cash. Which means most people need to take out an auto loan in order to buy a car.
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What will my monthly car payment be if I take out a 72-month (six year) loan? Back in the early 2000s, the most common auto loan term in America was 60 months (five years). However, in recent years the 72-month auto loan has become the most popular choice. Before buying a new car and getting a loan, check out our 72-month auto loan calculator.
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While this auto loan calculator should be highly accurate and give you a solid idea about the costs of a proposed car loan, it is not professional advise and should not be relied upon when making your final purchasing decision. Always talk to a professional directly and fully understand what you are getting into before signing a loan contract.
Auto Loan Calculator – The Auto Loan Calculator is mainly intended for car purchases within the U.S. People outside the U.S. may still use the calculator, but please adjust accordingly. If only the monthly payment for any auto loan is given, use the Monthly Payments tab (reverse auto loan) to calculate the actual vehicle purchase price and other auto loan information.