Work out the down payment and amount financed for a car.
The down payment is the set percentage of the price, and both it and the trade-in value reduce what must be financed. A bigger down payment shrinks the loan and the interest paid, and a trade-in does the same without a cash outlay.
Car Down Payment
Down = price x down%; financed = price - down - trade-in
Down = price x down%; financed = price - down - trade-in The down payment is the set percentage of the price, and both it and the trade-in value reduce what must be financed.
A bigger down payment shrinks the loan and the interest paid, and a trade-in does the same without a cash outlay.
This calculator takes 3 inputs: Vehicle price, Down payment percent, Trade-in value. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.