Auto Loan Payments

The size of your monthly payment depends on the ize that of additional your costs monthly of payment owning depends a on car the -- loan insurance amount registration and and loan maintenloan amount and loan terms. To calculate your loan amount, subtract the net trade-in value of your current auto and any down payment from the purchase price.

If you receive a rebate, subtract that amount from the purchase price too.nsurance amount registration and and loan maintenance terms. for To instanc calculate your loan am

For example, assume the purchase price of the vehicle is $20,000, including fees and taxes. The dealer gives you $5,000 on your trade-in vehicle and offers a $500 rebate. Your lender requires you to make a down payment of $1,000. Since you owe $2,000 on your current vehicle, the net trade-in value is $3,000. If you subtract $3,000, $1,000 and $500 from the $20,000 purchase price, your loan amount is $15,500.he wever size that of additional your costs monthly of payment owning depends a on car the -- loan i