The results of this Loan Calculator are for comparison purposes only. They will be a close approximation of actual loan repayment terms available from a financial institution, less fees and any other costs, if applicable. It can be used to figure new car or used car loans, as well as refinancing of an existing loan. This is provided as a guideline to assist you in planning your budget for your car loan. To use, enter values for the Loan Amount, Number of Months for Loan, and the Interest Rate (e.g., 4.29), and click the Calculate button. Clicking the Reset button will clear all entered values.