You should know a few key auto finance terms before you buy a car. Auto loan calculator is one of those terms. It is a tool that you can use to calculate the amount that you will have to pay based on the interest rate, loan amount and term. The base price is the cost of the car without the factory warranty or factory equipment. The car dealer is the place that you buy your car from.

The down payment is what you will have to pay before you finalize the purchase. The vehicle history report is a document that will give you a comprehensive review of the history of the vehicle. You will be able to see things such as repossessions, ownership and accidents. The Vehicle Safety Rating measures how safe a vehicle is. The National Highway Traffic Safety Administration will evaluate the vehicle and give it a rating.

 

Categories: Finance