Car Loan Payment Calculator for Android

Used Car Loan Payment Calculator for Android?

Developer’s Description

By Sunflower Solutions

Calculate the Monthly Loan Payment or your Affordable Price for a car purchase

The Auto Loan Payment Calculator turns you into a master negotiator when shopping for a vehicle by quickly and easily calculating a monthly loan payment or an affordable purchase price on location with your mobile device.This app can be moved to the your SD card.At the start screen, you simply choose what you want to calculate: 1. Monthly Loan Payment if buying from a Dealer.2. Monthly Loan Payment if buying from an Individual.3. The Price of a Car/Truck/RV that you can afford based on the monthly payment of your choice.You then simply enter the required information (e.g., price, interest rate, term of loan), plus any optional information (e.g., trade-in, sales tax rate, rebate, loan payoff, etc.), and then press the calculate button.The app makes a "Cha-Ching" cash register sound when it calculates a monthly payment or affordable price. You can use your device's sound volume control to raise or lower the volume as you see fit.Unlike the free version, this one allows you to save the numbers that you have entered and does not show any ads.3 main options are available to the user from the start screen:1. Calculate a Monthly Loan Payment if buying from a Dealer. This option offers allows the user to input all items that a dealer finance manager would input into their system to calculate a monthly loan payment. User can enter: 1. Price of Car/Truck/RV (required) 2. Trade-In Value (optional) 3. Instant Cash Rebate (optional) 4. Down Payment (optional) 5. Dealer Fees (optional) 6. Miscellaneous - extended warranty, dealer add-ons, etc. (optional) 7. Sales Tax Rate (optional) 8. Interest Rate (required) 9. Loan Payoff (optional) 10. Term of Loan in months (required) You can also select whether to apply sales tax to the trade-in and/or rebate. You may also choose whether to finance the total sales tax (i.e., include it in the loan). The app then calculates the monthly loan payment of the car based on the information above. It will also display the total amount financed and the total sales tax.2. Calculate a Monthly Loan Payment if buying from an Individual. This is the simplified version. User can enter: 1. Price of Car/Truck/RV (required) 2. Down Payment (optional) 3. Sales Tax Rate (optional) - used only for informational purposes. 4. Interest Rate (required) 5. Term of Loan in months (required) The app then calculates the monthly loan payment of the car based on the information above.3. Calculate the Affordable Purchase Price of a car based on the monthly loan payment interest rate, term of loan and any other optional information. User can enter: 1. Monthly Payment of Car/Truck/RV (required) 2. Trade-In Value (optional) 3. Down Payment (optional) 4. Dealer Fees (optional) 5. Miscellaneous - extended warranty, dealer add-ons, etc. (optional) 6. Sales Tax Rate (optional) 7. Interest Rate (required) 8. Loan Payoff (optional) 9. Term of Loan in months (required) You can also select whether to apply sales tax to the trade-in. You may also choose whether to finance the total sales tax (i.e., include it in the loan). The app then calculates the affordable purchase price of the car based on the information above. It will also display the total amount financed and the total sales tax.Recent changes:1. Added ability to move app to SD card2. App now saves calculated values such as Monthly Payment, Total Financed, Total Sales Tax, etc.3. Added titles in caps to all help text to indicate field it refers to (i.e., what it is helping)4. Added red outline and blue background to field text labels that displays when user touches them. This displays only while user is touching the field's text/description so they know which one they touched5. Lowered minimum Android OS version to 2.1 (API 7)Content rating: Everyone