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How To Calculate Your Loan Payment

When you go to buy a car, you very rarely pay straight cash upfront. This means that you are likely going to need a loan, which means that you need to be able to figure out your monthly payment. Here are a few ways you can go about doing this.

 

 

Determine Cost Of The Car

The first thing you need to do is to determine how much you car is going to cost. You can either put in the cost of the car and then divide by how many months you want to repay the loan, or you can put in a monthly figure and let a calculator determine how much car you can afford.…


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