Payment Calculator
Calculate My Payments
At Travers Automotive Group, we aim to make car buying and ownership as easy, affordable, and stress-free as possible for customers from St. Louis to St. Peters and beyond. Among the many amenities we offer to ensure a smooth purchasing experience is our handy Calculate My Payments tool. Learn how to use our car payment calculator below so you can shop with confidence knowing your next vehicle purchase won’t stretch your budget beyond its limits.
How to Calculate Your Payment
The above car payment calculator requires some basic information about your vehicle and your loan terms. Here is a step-by-step tutorial on how to utilize our Calculate My Payment tool.
- Vehicle Price: Start by entering the vehicle price. This is the price you and your salesperson have agreed upon and includes the entire amount you are looking to finance.
- Interest Rate: Your financing pre-approval should assign you an interest rate based on your credit history. Choose the rate from the drop-down menu.
- Loan Term: This is the length of your auto loan. Select how many months you plan to finance your vehicle.
- Down Payment: Are you putting cash down toward your new vehicle purchase? If so, enter the amount in the corresponding box. It will be deducted from the total amount to be financed.
- Trade-In Value: Type in the trade-in value that the dealer has offered you for your current vehicle. This amount will also be subtracted from your financing total.
Finally, click on the Calculate Payments icon, and the Payment Details box below it will automatically populate with your results. If you’ve been offered multiple rates and loan terms, feel free to play around a bit and enter them separately to compare your findings. We want you to rest assured that you’re getting the right deal for your financial situation.
Finance Your Next Vehicle at Travers Automotive Group
Our Calculate My Payments tool can be an indispensable resource in budgeting for your next vehicle. If you have any questions about how to use it or about any aspect of the financing process, don’t hesitate to reach out. You can also stop by our O'Fallon location; we’re just a short drive from Florissant. We’re happy to help and give you the peace of mind you need about your next vehicle purchase, no matter where you’re at in your car-buying journey!