When shopping for a new vehicle, most Northern Alabama drivers usually have a budget to stick to. To help you choose a vehicle that falls within the budget you set, you can put in the details about the car(s) you’re interested in and calculate about what your monthly payment will be. This easy-to-use-tool can help you determine whether the vehicle you want is within reach.
Car Finance Payment Calculator
Our finance calculator is user friendly and allows you to customize your payments based on a variety of factors. We make it easy for drivers all over The Shoals to find the right car for their needs and budget. Not sure how to find your ideal vehicle at your ideal price? Here’s how to make the most of our payment calculator:
- Vehicle Price: Have you found a vehicle at Greenway of the Shoals that checks all of the boxes on your wishlist? Do you have a specific price limit in mind? You can either start with a specific model or play around to figure out your monthly payment and know your budget.
- Interest Rate: The interest rate on your loan varies based on factors like your credit score. If you would like to find out the rate you qualify for, you can get pre-approved right from the comfort of your home. We regularly have finance offers that include a specific interest rate, which you can plug in here as well.
- Loan Term: The loan term specifies how long you plan to take to pay off the balance. With a shorter term loan, your monthly payments may be higher, but you pay less in interest over time. With a longer term loan, you will end up paying more in interest over the course of the loan, but you will have smaller monthly payments.
- Down Payment: If you plan on making a down payment, that can help to reduce the amount of your loan. Add the amount to the proper field for a more accurate estimate.
- Trade-In Value: If you plan to trade in your current vehicle, the value of your trade-in can be applied toward your new purchase.
When all of the information has been entered, click “calculate” to receive your estimate. It’s that easy! Customize the fields as you wish until you find a payment plan that works well for you. If you have any questions about using our car finance payment calculator or your financing options, do not hesitate to reach out to us.