Car Loan Calculator

Since everything revolves around money, it’s a good idea to know exactly how much something costs, and how long before you can either afford, or pay it off. In this regard, Car Loan Calculator wants to help you decide whether or not it’s the right time to buy that new car, and what you go through for the duration of the payment.

It takes only a little while before you get to check out all the application has to offer. However, the application can only run if .NET Framework is installed on your computer. On the other hand, this isn’t really an issue if running modern Windows iterations, because they come with it as a default feature.

The visual design is pretty intuitive, letting both beginners, and experienced individuals quickly get the hang of things. Two panels are used in the process, one of which needs to be properly filled out with data requirements, while the other shows monthly payment rate, total payment by the end of the duration with taxes included, as well as the month, and year of the payoff.

You start off by specifying the first month, and year when you pay for the new car. More requirement fields need to be filled in with numerical values in order to specify vehicle price, down payment, trade-in value for the old car, sales tax, interest rate, and the total period in months signed on contract.

Price is only available in dollars, but this shouldn’t be a problem for using other currencies, since this is only a symbol and has nothing to do with the actual calculus. Sadly, results can be saved to file, so you have the price sheet at hand, nor can you set the application to remind you of payment period, or at least show left amount after multiple payment sessions.

To sum it up, Car Loan Calculator is a simple, reliable application you can use to check the balance, and time you need to invest when buying a new car on loan. Although it’s of no use on the long run, because of the lack of a tracker, it can instantly provide general time, and monetary details you need.