Easy Access on the Go
- Log In Fast
- Manage It All
- Deposit From Anywhere
Our auto loan payment calculator can help you estimate your monthly payments and gauge the overall cost of your auto loan.
To get started, input the total cost of the car you’re purchasing. If applicable, include any cash rebates the seller is offering, such as a holiday promotion or end of the year clearance offer.
The trade-in field is if you’re trading in your current car to lower the purchase price of your new car. The ‘trade-in owed field’ is there just in case you still owe money on it. If you do, that money will be subtracted from the trade-in value of your car.
Any up-front money you have to put down on your car will be entered in the down payment field. FYI: a larger down payment may help lower both your monthly payment and your interest rate, too.
Next comes the interest rate, which is the lender’s fee for the loan amount when you finance. Your interest rate is determined by a number of variables, including your credit score, debt-to-income, and down payment. However, it’s also influenced by your loan term. Typically, a shorter loan term will have a lower rate than a longer loan term.
As you may have guessed, your loan term is the amount of time that you want to make monthly payments. A shorter loan term will have higher monthly payments, but you’ll pay less in interest. A longer loan typically means lower monthly payments, but more in interest over the life of the loan.
If you have any additional questions about our auto loan payment calculator or about financing your next car, don’t hesitate to contact us!
When you become an Associated Credit Union of Texas member, you become part of everything we do to improve the quality of life in our community.
Last year, we provided $5,923,116 in savings to our members, saving each household approximately $281.
This app has so many convenient features, I'm sure I have barely scratched the surface of what it can do.Abdias – Member
The ACU of Texas Mobile app allows you to view your transaction history and account balances, pay bills, make transfers and locate our nearest ATMs and branches!
