When comparing the financing example of a competitor with our financing example, be sure that in both calculations the same type of financing (fixed monthly payment or final installment loan) is selected. The last installment (final installment) is therefore considerably higher than the previous installments. Only the difference between the loan amount and the final installment is repaid continuously and equally. ![]() The final installment is deferred until the end of the loan term. The final installment loan is different from the fixed monthly payment loan in that the loan amount is not paid completely back. The most important aspect of a fixed monthly payment loan is the monthly payment, which remains unchanged over the entire loan term. Our loan calculator allows you to calculate both “fixed monthly payment” and “final installment” loan. If you have asked for credit insurance and therefore received a financing offer that includes credit insurance, please send us your offer and we will calculate a financing offer that includes credit insurance as soon as possible.įIXED MONTHLY PAYMENT VS. Free auto loan calculator to determine the monthly payment and total cost of an auto loan, while accounting for sales tax, fees, trade-in value, and more. Please note that the loan calculator does not take credit insurances into account. ![]() The parameters that are still different are vehicle price and interest rate. Looking to a buy a car Use our car finance calculator to help you discover what the monthly cost of a Fixed Car Plan (HP) or Flex Car Plan (PCP) could be. However, be sure that the parameters such as down payment, loan term and, if required, final installment are the same in both calculations. “Vehicle price including financing costs” helps you make a good decision when comparing two vehicles that are different only in price and interest rate. Don’t let yourself mislead by temptingly small interest rate offers on the market! Because in such cases, the vehicle price offered is often higher than the market value of the vehicle.
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