Is there a website where I can estimate payments on different trucks and trailers.

 

gosh, I think all you need to do is a Google search for loan calculators, and then punch numbers.

 

If you use www.truckpaper.com and search for trucks in your price range there will be a financial calculator on the top right of the page you can use.

 

A pocket calculator works well.

 

Gosh, I think you are probably right, but I wanted a finance company site of some sort which could also show real rates and terms. Generic loan calculators dont give you any indication as to what rates to expect.

 

Is that a website, because I thought that is what I asked for. A pocket calculator wont show me rates and terms, but I appreciate the sarcasm.

 

The rates will vary widely depending on your credit score. You could probably find interest rates ranging anywhere from 5% to 22% and higher.

 

Actually...I was being anything but sarcastic. A pocket calculator works great for figuring a monthly payment.

Purchase price of truck = $35,600.00
Down payment, first time buyer (40%) $35,600.00 X 40%= $14,240.00
$35,600.00 - $14,240.00= $21,360.00 (amount to be financed).

First time buyer..using a truck dealer's finance office, good credit.

$21,360.00 / 36 months = $593.34 principle payment.

Interest rate of 12% (first time buyer with good credit) $593.34 + 12% = $664.54 per month.

Interest rate of 16.75 % = $593.34 + 16.75% = $692.73 per month.

24 month payment plan = $21,360.00 / 24 = $890.00 + 16.75% = $1,039.08 per month.

You put apportioned plates on the truck so no sales tax. You buy used truck, so no federal excise tax on truck.

By doing it like that...plus adding anything extra you think you might want to finance with the truck, before dividing the financed $$$, will get you a ballpark figure of what your monthly payment should be. And I did that with a Pocket Calculator.

 

Interest on loans is not calculated that way.

36 months at 12% for a $21,360.00 loan is $709.46 per month.

Use the Financial calculator on www.truckpaper.com

 

[quote="Orangetxguy"]Actually...I was being anything but sarcastic. A pocket calculator works great for figuring a monthly payment.

My appologies then. It sounded like you were trying to be a smartazz.