Find out about car insurance
Auto loan calculators typically require information like the amount of the loan, the term of the loan in years or months, and the interest rate. A few calculators will also consider where you live, whether you plan to pay any extra on the loan to informally reduce the length of the loan, whether your old car's trade in value or a down payment will reduce the amount of the loan, and whether sales tax or fees will add to the amount of the loan. Some auto loan calculators have a "loan vs. lease" option that will compare the cost of an auto lease to the cost of a loan on the same car. Inputting accurate answers is essential to using an auto loan calculator.