The auto loan payoff calculator has the main purpose of helping you define your auto loan payments every month.

This calculator which uses compound interest formula can also help you in finding the sum total amount of the vehicle you loaned for. This type of calculator would ask you to input your present data. After this step, you will be able to see a diagram. In this diagram, you will be able to study the difference in the loan agreements or simply, how you monthly dues would be affected by the payments you make on the loan. An amortization schedule would also be available for you in the calculator by clicking the button that usually says "View Report" or "See Report".

Below Are The Fields That Would Need An Input From You In Using The Auto Loan Payoff Calculator.

• Monthly dues are the field in the calculator which asks for your usual payment every month for your auto loan.
  
• The sum total of the car you bought is also needed in the auto loan payoff calculator. This consists of the price of the car, some extra selections and other fees. This, however, should not include the taxes especially the tax that comes from sales. This tax will only be included in the field of your sum total after the amount of your tax.
  
• How many months is your loan term? The answer here is also needed by the auto loan payoff calculator.
  
• The rate of interest every year is also needed by the auto loan payoff calculator.
  
• The sum of money and factory discount that you have used in buying the car is also needed. The higher your payment installment is, the lesser the amount of loan that you must have as funding for your car.
  
• If you have any vehicle that you have used as an exchange in buying the car, the sum total of it that is credited is needed as an input in the calculator. There are certain states wherein your exchanged vehicle would have your sales tax decreased in amount. If you want, you can research some more on exchanged vehicle sales tax to know more about this matter.
  
• The sum total cash of the remaining balance in your loan after the vehicle exchange is needed as input in the auto loan payoff calculator.
  
• There two non-compulsory field in the calculator. The first one is for extra fees that are not related to sales tax. Examples of these types of fees are document fees and some other fees that are charged for delivery purposes. Next field is for additional fees related to the sales tax. These kinds of fees are mostly made up of transfer fees and other fees that are taxable.
  
• The rate of sales tax in percent form is also needed by the auto loan payoff calculator.