With auto loan calculator you can enter the price and how much money you have to determine your montly payment. Depending on the length of time you loan and the interest you are agreeing with the dealer, you get most car with almost nothing down. Use this calculator to find they payment you can afford. Before you go throwing darts on Wall Street, check to make sure you can't earn a higher rate of return simply by investing in your own debt! For example, if you have a credit card balance that's costing you 19% per year, and you increase your payment, you will get a guaranteed 19% return on your investment. What's more, your earnings will be tax-free! So use this JavaScript Calculator to see how much you could be earning if you increased your payment on any one of your debts.
Instructions: Enter the current payment terms for any one of your outstanding debts, then enter an amount you could comfortably add to the payment. Finally, click on "Compute" to see what the return on your investment will be.
If you have extra money each month, you might wonder whether it's better to pay down debt or invest. Here's a simple way to decide. If you have credit cards or other debt with high interest rates, you'll typically be better off paying down the debt first. Let's say you have a credit card with an 18% annual interest rate and $1,000 of debt. If you don't pay it down and instead invest your extra cash, you'd need to earn more than 18% on your investments to come out ahead. The "crossover point" is the interest rate at which it makes sense to invest your money rather than pay down debt.