This calculator helps you estimate auto loan payments for various types of vehicles including cars, trucks, and SUVs.

Steps to use:

1. Select Vehicle Type: Choose between new, used, certified, or luxury vehicles.
2. Enter Vehicle Price: Input the total price of the vehicle you're considering.
3. Set Down Payment: Enter the amount you plan to pay upfront.
4. Add Trade-in Value (Optional): If you're trading in a vehicle, enter its value.
5. Set Sales Tax Rate: Enter your local sales tax rate percentage.
6. Enter Interest Rate: Input the annual interest rate (APR) for your loan.
7. Choose Loan Term: Select the duration of your loan in years or months.
8. Select Currency: Choose your preferred currency, including various African currencies.
9. Click Calculate: View your payment schedule, total interest, and cost breakdown.

Tips for Auto Loans:

• A larger down payment reduces your monthly payments and total interest
• Shorter loan terms typically have lower interest rates but higher monthly payments
• Consider all costs including taxes, registration, and insurance when budgeting
• Check current interest rates from multiple lenders for the best deal