Tico Carreras salesman, used cars, coches usados,


		Loan Calculator

	*Loan amount ($):*
	Interest rate *(%)*:
	*Term (years):*
	Additional monthly payment ($):

	Monthly payment ($):
	Total interest ($):
	Average monthly interest ($):
	Number of years:

Use this calculator to estimate your proposed
payments. It should work out to an average that
every 1000 dollars factors to 20 dollars per
payment on a 5 year term. Use that as a guide and
not the rule.

Loan amount box: Put the total of the sale price,
plus add 6 % for MD tax and add an additional $380
for title, tag and registration fees.

Interest rate: Put the figure you believe you will be
charged as an interest rate.

Term: Use the number of years you believe you will
finance the vehicle for (3, 4, 5, or 6).

Monthly payment: This is what your proposed
monthly payment could be.

*The State of Maryland allows lenders to charge up
to 23.99% APR for high risk credit customers. Such
customers would have a bankruptcy, repossession,
over 30, 60 or 90 days late payments or even charge
offs. However, each customer has a unique situation
and will require special consideration.

The table on the left has been provided to allow you
the opportunity to see where your payment may end
up, simply plug in the amount to finance, the interest
rate and the years to finance it, it will display an
approximate payment.

Where would you score?