Payment Calculator

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These calculations are for reference purposes only. All figures are estimates only and are not guaranteed as accurate. Always consult a professional financial adviser.

* These calculations are for reference purposes only. All figures are estimates only and are not guaranteed as accurate. Always consult a professional financial advisor.

Benefits of Using a Car Payment Calculator

Cars are a necessity in modern society. Most cities give people the option of public transportation, but a bus or train is not always a reliable choice. When you need to be at work or class at a certain time, a car is the most dependable option. Choosing a car from a dealership can be overwhelming. There are several different colors, styles and prices. However, a car payment calculator can ensure you do not go over your allocated budget. An easy to use car payment calculator is available online. You simply input your down payment amount, loan amount and the value of your current vehicle. The calculator computes your expected monthly payment. If the calculator does not have an option to enter insurance, you should still set aside a certain dollar amount for insurance fees. All financed vehicles must be insured before leaving the dealership. You should also consider the amount you will be spending on gasoline and maintenance. There is a nominal fee for emissions testing and registration.

Calculating Payments and Insurance

The calculator will need to know the principal amount, loan period and the interest rate. The principal is the amount borrowed without the interest. Every time a payment is made, the money is applied to the principal and the interest rate. The interest rate will depend on your credit history. Besides insurance premiums, you should also be setting aside money for the deductible. Insurance will pay for the necessary repairs or a vehicle replacement, but the insurance deductible needs to be paid. Generally, there is an inverse relation between the premium and deductible. A higher premium often results in a lower deductible. You can expect the premium amount to increase after an accident, so you should factor in having to pay a higher premium while you are still financing the vehicle.


When you have calculated an affordable monthly payment, you can start comparing vehicles. Customer satisfaction is a priority at Crown FIAT of Chattanooga. After you have done your research on a vehicle you want to lease or finance, stop by the dealership to look at our selection.

Crown FIAT Of Chattanooga
2120 Chapman Rd
Chattanooga, TN 37421

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