Calculating for Monthly Payments
One Time Notice:This calculator is only for roughly estimating possible loan payments. These figures do not include all aspects of financing an automobile. Gary Force Honda does not guarantee any values from this loan calculator. To get a complete payment quote, stop by or call one of our Sales Representatives or Finance Managers.
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Calculate for Monthly Payments, Purchase
Price or Down Payment.
Simply select one of the buttons to the right of the field you want to calculate.
Get Help on each of these loan terms by clicking on the question mark to the right of each field. Purchase Price:
Total Purchase Price is the negotiated sale price of the vehicle before tax. Sales Tax Rate:
Tax percentage rate charged on this purchase in your province. In Kentucky, the Sales Tax rate is 6.00%. This tax is charged on the Purchase Price.
Enter as a percent (6.00%) not a decimal (0.06). Term:
Number of months for this loan. Also the number of payments throughout the life of this loan.
Typical terms are:
24, 36, 48, 60, 66 & 72 Interest Rate:
Annual Interest rate for this loan. Also referred to as APR: Annual Percentage Rate.
Enter as a percent (5.75%) not a decimal (0.0575). Down Payment:
Total amount of cash used in the purchase. The more money you can pay down, the less you are financing and therefore lower payments. Trade-In Value:
Total dollar amount given on your trade-in. This is the value the dealer deems your trade-in to be worth. Trade-In Payoff:
Total loan balance still outstanding on the trade-in, the amount you still owe. The difference between this amount and the trade-in value is the amount that will go towards your purchase. Monthly Payments:
This is the dollar amount of your monthly payments.
Simply select one of the buttons to the right of the field you want to calculate.
Get Help on each of these loan terms by clicking on the question mark to the right of each field. Purchase Price:
Total Purchase Price is the negotiated sale price of the vehicle before tax. Sales Tax Rate:
Tax percentage rate charged on this purchase in your province. In Kentucky, the Sales Tax rate is 6.00%. This tax is charged on the Purchase Price.
Enter as a percent (6.00%) not a decimal (0.06). Term:
Number of months for this loan. Also the number of payments throughout the life of this loan.
Typical terms are:
24, 36, 48, 60, 66 & 72 Interest Rate:
Annual Interest rate for this loan. Also referred to as APR: Annual Percentage Rate.
Enter as a percent (5.75%) not a decimal (0.0575). Down Payment:
Total amount of cash used in the purchase. The more money you can pay down, the less you are financing and therefore lower payments. Trade-In Value:
Total dollar amount given on your trade-in. This is the value the dealer deems your trade-in to be worth. Trade-In Payoff:
Total loan balance still outstanding on the trade-in, the amount you still owe. The difference between this amount and the trade-in value is the amount that will go towards your purchase. Monthly Payments:
This is the dollar amount of your monthly payments.
