Annual Percentage Rate auto Loan Calculator to show details including APR

Here is the Calculator to calculate APR for Auto loans. The online calculator is free and will give you Annual percentage rate (APR) for Car or any Auto vehicle loan amount. It is the applicable rate for the whole annum. he monthly calculation factors are not considered and rather a single annual percentage factor is calculated. This is APR.

APR auto Loan Calculator
Auto Loan APR

Laws of different countries ask the loan providers to specify the APR to every loan borrower. This makes them get a clear understanding. With APR they feel safe and comfortable.

Suggested Read : How hidden charges make you pay more than what you think.

APR Auto Loan Calculator

This Annual percentage Rate, i.e APR calculator will help you get a single rate percentage by which your Auto loan is charging you interest. Sometimes, you get a deal with rate percentage on per month / quarter / half year basis. Then for your own analysis you try to get a figure to understand how much a particular borrowed amount is costing you. This tool will be very helpful that time.

Formula for calculating APR

​APR= { { ( Fees+Interest​​) / Principal} / n }×365) × 100

where,

  • Interest=Total interest paid over life of the loan
  • Principal=Loan amount
  • n=Number of days in loan term​

Here is the free APR online tool for your usage and analysis:

Note : There is no need to enter your currency. Just enter the amount thinking that it is in your own currency only.

How to use Auto Loan APR

  1. Enter the Values of :
    • Fees
    • Interest
    • Loan Principal Amount
    • Duration of Loan
  2. After entering the data, click anywhere on the page.
  3. APR Data will be shown in the dedicated area of the form.
  4. Analyse your loan and enjoy.

Important

Without APR, most of the loan providers manipulate the mind of money borrowers. Most of the people just focus on the rate of interest and forget the way of manipulation. APR clears all the doubt and gives a data about how much extra a loan will cost to you. It becomes very simple for user to understand that which loan is better for him.