When purchasing a new or pre-owned vehicle at a dealership, it’s important to establish a budget to ensure you have financial breathing room. Our online car payment calculator can help determine how much you’ll pay within a set loan term. The team at Don White’s Timonium Chrysler Dodge Jeep® RAM explains how to use this tool to streamline your budgeting process.

Input the Price of Your Desired Vehicle

Before determining your total payment, it’s important to check the price of the vehicle model you’re interested in financing. This amount varies depending on the model’s trim or whether it’s new or pre-owned.

Input Your Financial Information

After inputting your vehicle’s total price, you’ll need to provide some additional financial information to calculate your estimated payment:

• Annual percentage rate (shown as “Finance Rate” in the calculator): Your loan’s annual percentage rate is another component that determines how much you’ll pay for your vehicle each month and how much interest is due at the end of the loan term.
• Down payment (shown as “Deposit”): A sizeable down payment can help you lower the cost of the vehicle you want to purchase.
• Trade-in allowance: You can reduce the price of your new vehicle by trading in the one you currently drive.

Calculate Your Approximate Payment

After inputting all your information and pressing the “Calculate” prompt, the calculator will display your total monthly payment for specific loan term durations, ranging from 12 to 72 months. If the estimated calculation doesn’t fit your budget, you can quickly adjust your inputs to determine more affordable payment options.

Set Your Budget with Our Car Payment Calculator in Cockeysville, MD

Our car payment calculator is simple to use and is easily accessible. Our finance experts at Don White’s Timonium Chrysler Dodge Jeep RAM are here to answer your questions about our Jeep financing solutions. Visit us today to start your application.