Auto Loan Calculator Help
Use this calculator to calculate loan details when the down payment is expressed as an amount.
Unlike a general loan calculator, this calculator allows for two unknown values. In addition to solving for the monthly payment amount, it will also calculate the "Car Price", the "Down Payment Amount" or the "Loan Amount". Just enter a "0" (zero) for one of the three values and provide the other two.
Note that the calculator calculates what percentage the down payment is of the price of the car. This is handy when a lender requires a borrower to provide a minimum percentage cash deposit.
The term (duration) of the loan is expressed as a number of months.
- 60 months = 5 years
- 120 months = 10 years
- 180 months = 15 years
- 240 months = 20 years
- 360 months = 30 years
If you need the ability to print the amortization schedule, or more flexibility such as selecting different payment or compounding frequencies or the ability to calculate term or interest rate, please see the auto loan calculator here: https://AccurateCalculators.com/auto-loan-calculator
Currency and Date Conventions
All calculators will remember your choice. You may also change it at any time.
Clicking "Save changes" will cause the calculator to reload. Your edits will be lost.
chris says:
Hi Karl,
Sorry I asked this question under the wrong area earlier.
Is there an easy way to switch off certain fields in this plugin for WordPress? ‘Points’ is not relevant to anyone in Australia so can’t use the calculator with it in there… will confuse the user.
Thanks
Chris
Karl says:
Hi Chris, as with all WP Plugins that are available on the WordPress site (which this one is) they must come with full source code. There are a couple of ways a developer could hide the points input. One way would be to enter a style rule in the CSS file to hide it. There are other ways as well. But the calculator itself does not support a feature for the site’s owner to hide it.
Baboon says:
Hi.
I have the calculator on my site but if I set the currency to EUR (43) it multiplies every field with 10, making the interest rate huge (55% if we’re talking the default values)
Could it be a bug or am I missing something?
Tried both the whole example shortcode with the currency modification and the blank one too without parameters to no success.
Thank you
Karl says:
Something else must be going on. Setting the currency would not cause the problem you are describing. Are you saying the calculator works with dollars, for example, and not Euros?
Can I access the calculator on the site? If so, do you have a link you can provide? I’ll take a look.
Baboon says:
Exactly. Dollars seem to work, I encounter this issue with Euros.
Can you leave me your email address here or send it to the mail I completed this form with?
I’ll gladly share site access to you in private.
Thank you
Baboon says:
Just now I realise you want frontend first, apologies.
https://mobilecars.neodesign.ro/test-calculator/
Karl says:
I see what you mean.
I know what the problem is. It’s not that there’s an issue with the Euro currency per se. The problem is with the "," being used as the decimal separator.
I guess you are still in development? The workaround, for now, is to pick one of the Euro currencies that uses the period as the decimal separator. That seems to work.
I’ll try to get a fix out within a week. I’m sorry for this problem. I’m not sure how that happened.
Baboon says:
Thank you, Karl.
It worked switching to another Euro based code.
Are you available for customizing this plugin a bit further?
If you can give me an email where I could reach out to you for paid work, please let me know.
Thank you!
Karl says:
Actually, I just finished fixing the bug you pointed out. Please try v1.5.2. It’s available on WordPress site here:
FC Auto Loan Calculator
(I’ve not updated the file on my site yet to include the fix.)
When you update, make sure you have a backup of your translation files. I’m not sure yet if the WordPress update process will overwrite custom translations or not.
I’ll send you a private email about the other, or you can reach me anytime via the contact link at the bottom of the page.
Logan says:
Hi Karl,
Are you able to add fields and remove fields? I need a field for a “Balloon Payment”. The balloon payment is a percentage amount that gets deducted from the total price before interest which brings your premium down but you then need to pay the full ballon amount at the end of your term.
Is it possible to add this to the form?
Kind regards
Karl says:
Do you mean the website owner or literally me as the plugin’s developer? I can, of course. That would require us to agree on the scope of a custom project and the cost. (Can be expensive)
If you mean the website developer, yes, the developer can add a field (or remove them). All the plugin’s source code comes with it. The developer would have to study it and make the necessary changes. It is way beyond the scope of my free support to discuss the source code.
Logan says:
Hi Karl,
Do you mind if we discuss the particulars of a two-field change via email?
Kind regards
Logan
Karl says:
Not at all. You can reach me via the email address on this site’s contact page.