Free Car Payment & Fuel Cost Calculators

Even though the title is self-explanatory, here are some additional details. The free car payment calculator is used to estimate monthly payments on a car loan, so you can plan your budget accordingly. Sales tax is based on where you purchase the car, not necessarily on where you live. Your county and city websites may have sales tax information, or you can ask any area car salesman you know. A car salesman can also give you estimates of dealer fees and rebates. Whomever is financing your car loan can tell give you an estimated interest rate, required down payment, and loan length, all of which which is based in part on your credit history.

Interest on vehicle loans is not tax deductible unless the vehicle is purchased in the name of a business. Even then, you must document business use by maintaining a mileage log and recording every trip’s business purpose. If your business is audited by the IRS, and you don’t have documented proof that the vehicle is used for business, the loan interest deduction may be disallowed. There are many smart phone apps available for this, one of which is MileIQ. You should also be aware that if the vehicle is in the business name, and any driver of the vehicle is at fault in an accident, victims may sue the business.

The free fuel cost calculator is another budgeting tool. It does require that you know your car’s miles per gallon. If it’s a fairly new car, you can use the estimate from the window sticker. You can also track the miles driven after a gas purchase. Note how many gallons you put into the car. Then when you next fill up your car, divide the miles driven by the gallons purchased previously. That will give you the miles per gallon.

calcCar
Car Payment Calculator

Purchase Details

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Loan Calculation

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calcFuel
Fuel Calculator

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