Car Payment Calculator

At John Kennedy Ford Feasterville, we're committed to helping you make informed financial decisions regarding your new or used car purchase. One useful tool we have is our vehicle payment calculator. Learn more about this nifty tool to make the best choice for your needs and budget.

Calculator Input Fields

We have two types of payment calculators. One lets you calculate your monthly car payment, while the other helps you determine your purchasing power. Both are user-friendly and require just a few important details to give you a quick answer.

Monthly Payment Calculator

These are the input fields you should fill out to get your potential monthly payment:

• Loan amount: Enter the total amount you plan to finance for your vehicle. It's a good idea to know the price range of your preferred Ford model.
• Down payment: Specify how much you intend to pay upfront. A higher down payment can reduce your loan amount and monthly payment.
• Trade-in value: Provide the estimated value of your current vehicle if you plan to trade it in at the dealership. This can further reduce your auto loan.
• Loan term: Choose the duration of your loan, ranging from 12 to 84 months. Longer terms generally result in lower monthly payments but may increase the total interest paid.
• Interest rate: Input the interest rate you expect to qualify for based on your credit score. You can also enter the rate offered to you if you're preapproved.

Purchasing Power Calculator

These are the details you may need to provide to determine how much you can afford to spend on a vehicle purchase:

• Monthly payment: Enter the amount you're comfortable paying each month. This helps determine the total loan amount you can afford.
• Down payment: The higher your down payment, the better your buying power. This is because your loan amount is reduced.
• Trade-in value: A higher trade-in value lowers your loan amount, contributing to your purchasing power.
• Loan term: A longer term increases your buying power because of the lower monthly payments.
• Interest rate: A higher rate increases your monthly payment and decreases your purchasing power.

Calculator Output

These are the two results you may get when using our payment calculator:

Monthly Payment

This is an estimate of what you can expect to pay each month for your chosen vehicle. It's based on the loan amount, down payment, trade-in value, loan term, and interest rate you provided. It helps you understand your monthly financial commitment, allowing you to plan your budget accordingly. If you need further assistance or clarification, our finance department is always available to help.

Purchasing Power

This is the total amount you can afford to finance based on your preferred monthly payment, down payment, trade-in value, loan term, and interest rate. This information can help you determine the price range of vehicles that are available to you. By knowing your buying power, you can streamline your vehicle search and make it easier to find the right car.

Key Features

Our payment calculator boasts several features that make it an indispensable tool for prospective car buyers:

• User-friendly interface: Its intuitive design makes it easy to input data and understand the results. Our calculator is designed to be straightforward, ensuring that even those new to car financing can use it with ease.
• Customizable options: You can adjust the different variables easily to see how different scenarios affect your monthly payment and purchasing power.
• Real-time updates: Clicking on the "Calculate" button lets you see how changing the input value affects results. This is useful when you're considering different vehicles or financing options.
• Dual-output functionality: You can calculate potential monthly payments using the calculator on the left or determine your buying power with the one on the right.
• Accessibility: Our calculator is available online 24/7, so you can use it at your convenience.

These features ensure that you have all the information you need to make a well-informed decision about your next car purchase. The calculator's design and functionality make it a valuable tool for financing a new or used vehicle.

Why Use Our Payment Calculator?

There are numerous reasons our payment calculator, with its dual-output functionality, stands out and why you should use it:

• Comprehensive financial planning: Whether you want to determine your monthly payments or understand your purchasing power, our calculator provides tailored insights to help you manage your budget and avoid financial strain. By knowing your monthly commitment or the maximum vehicle price you can afford, you can ensure that your purchase fits your overall financial plan.
• Convenience: Calculate your payments or determine your purchasing power from the comfort of your home before visiting our dealership, saving you time and energy. You can prepare all the necessary information before speaking with our finance team.
• Confidence: Knowing what to expect financially allows you to shop confidently and ensures that you choose a vehicle that fits your budget and financial goals. Confidence in your financial plan can make the car-buying experience more enjoyable and less stressful.

Our calculator is designed to empower you with knowledge and confidence as you navigate the car-buying process. Using the calculator early in your car search can help you set realistic expectations and find the best financing options available.

Ready To Get Started?

Start your car-buying journey using our payment calculator to narrow down your options. We also invite you to get preapproved for financing online to hasten the process even more. And if you're looking to trade in your current vehicle, you can use our trade appraisal tool to get an idea of what it's worth.

Please note that the results provided by our payment calculator are for informational purposes only. Actual loanable amount, terms, interest rates, and monthly payments may vary based on your creditworthiness and other factors. Contact us at John Kennedy Ford Feasterville for more information and personalized assistance.