![]() Money borrowed from a lender that isn't paid back can result in the car being legally repossessed. Each month, repayment of principal and interest must be made from borrowers to auto loan lenders. They work as any generic, secured loan from a financial institution does with a typical term of 36, 60, 72, or 84 months in the U.S. Most people turn to auto loans during a vehicle purchase. If only the monthly payment for any auto loan is given, use the Monthly Payments tab (reverse auto loan) to calculate the actual vehicle purchase price and other auto loan information. ![]() may still use the calculator, but please adjust accordingly. The Auto Loan Calculator is mainly intended for car purchases within the U.S. Please note that you should seek appropriate financial advice before concluding any loan agreements.Related Cash Back or Low Interest Calculator | Auto Lease Calculator The finance calculator will not pre-qualify you for any loan programs whatsoever.Īctual instalments on loans obtained with financial institutions will vary depending on: the current prime interest rate the financial institution's variables the type, condition and age of the vehicle your credit rating with the financial institution concerned the respective initiation fees and the time period between the effective date of the loan and the first instalment payable. Rand Stadium Toyota The Glen, its management, employees, representatives, agents or affiliates DO NOT ACCEPT RESPONSIBILITY for any errors or omissions whatsoever in relation to the finance calculator, and DO NOT ACCEPT LIABILITY for any loss, damage, inconvenience experienced or otherwise, caused in respect of any reliance on the finance calculator or information on this website. It is a guide only, which is based on certain assumptions and approximations, and we do not guarantee the accuracy of any information thereof. It is provided to you for information and convenience purposes only and does not constitute financial advice in any form or manner. The finance calculator is a form of loan simulator and is NOT AN OFFER by Rand Stadium Toyota The Glen, its management, employees, representatives, agents or affiliates of any kind. You can search our range of new cars to find out the different prices of the models or contact us to get an accurate quote. If you just want to work out if a vehicle is affordable for your budget, then use our finance calculator below to see what the different instalments will be based on varying deposits and interest rates. We will also confirm the documents you need to have to hand, depending on whether you are applying as an individual or a business. You can drop us a quick enquiry below and one of our team will contact you to check your eligibility and walk you through the process. Motor finance can be a complicated process, but we make it simple. We will send it off to all of the major finance houses, including our own Toyota finance to get you the best deal. Our professional F&I team will be able to help you fill out and submit the documentation required for a vehicle finance application. ![]() ![]() We can assist you in applying for vehicle finance, whether you are interested in one of our new cars or used cars, even if it isn’t a Toyota. Let Rand Stadium Toyota The Glen be your partner in buying a car.
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