The car loan calculator screen is broken into four sections.These are Input, Breakdown, Charts and Amortization.
Enter information about your loan by taping on each row in the table to bring up your keypad.
As you enter data the rest of the calculator will update automatically to represent your changes.
No fields are mandatory, but to get a result you will need to enter at least vehicle price, interest rate and term.
As the name would suggest, this section gives you a breakdown of your loan.
Enter information about your lease by taping on each row in the table to bring up your keypad.
No fields are mandatory, but to get a result you will need to enter at least vehicle price, residual value, interest rate and term.The comparison screen is a powerful tool that can help you understand which loan or lease option is best for you.You access this screen by checking off two to four entries in the "Loans & Leases" table.It shows you arguably the four most important pieces of information, the monthly payment, total cost, total interest and pay-off date.This section contains two charts that relate to your loan, the first chart shows you the total cost of your loan split between principal and interest payments.The second chart shows you the balances of your loan over its life.