Use the Auto Payment Calculator at Mission Valley Ford
When you walk into a car dealership, wouldn’t it be nice to have an idea how much you’ll be paying each month based on the sale price even before you meet with a salesperson? Mission Valley Ford Trucks in San Jose, CA has you covered with our vehicle payment calculator tool. We offer two types of calculators. If you’ve found the perfect Ford vehicle and know the sale price, use the first calculator to “Estimate Your Monthly Payment.” More interested in learning what you can get with a specific budget? The “Calculate Your Buying Power” tool will help you figure out just that! Simply plug the numbers into the required fields, and you'll instantly have a general idea of monthly payments or the price range of vehicles you can consider. Get started now!
How to "Estimate Your Monthly Payment”
This loan payment calculator is perfect for anyone who knows how much they can borrow. It's also an excellent tool for anyone who has found a car and wants a ballpark figure of how much their monthly payment will be. If you’re not 100% sure what your down payment, trade-in value, or interest rate will be when you’re entering numbers, it’s best to be conservative for now. Our finance department can help determine these numbers for you if you need help.
- Loan Amount: This would be the price of the car you want to buy or how much you want to borrow if you have not found a specific vehicle.
- Less Down Payment: If you have money to use as a down payment, enter that amount here.
- Less Trade-In: Do you have a vehicle you will be trading in? The dollar amount value of your trade should be entered here. Our sales team can help determine your vehicle’s trade value
- Term: The number of years you’d like to pay off your loan should be entered here in months. By default, the calculator is set up for a six-year loan.
- Interest Rate: This field is pre-populated with the current average interest rate for car buyers. Keep in mind your rate might be different.
- Your Monthly Payment: This is an estimate of your monthly payment based on the numbers above and will fluctuate as you change the down payment amount, interest rate, and length of the loan.
How to “Calculate Your Buying Power”
If you’re shopping for a new Ford and know how much you can afford each month, calculating your buying power will provide you with the price range of cars you can afford. Like the vehicle monthly payment calculator, this is just an estimate, but it will help narrow your search for a vehicle.
- Monthly Payment: Enter the dollar amount you can afford to pay each month
- Down Payment: If you have money saved for a down payment, enter that figure here.
- Trade-In: Do you have a vehicle you’re going to trade-in? Enter the value here. You can contact us to help determine the amount for your trade-in.
- Term: You have options for the length of your loan. Enter the number of months you’d like to pay it back in. This field is set for 72 months (six-year loan) by default.
- Interest Rate: We have this field populated with the average interest rate for many car buyers. Your interest rate may vary.
- Your Purchasing Power: Look for a new car in this price range!
Contact Our Finance Department Today
The vehicle payment calculator at Mission Valley Ford Trucks in San Jose, CA helps take the guesswork out of buying a new or used Ford. The interest rate on your loan will play a role in how much your monthly payments will be. The interest rate is based on different factors, such as credit score, if you’re buying a new or used car, the size of your down payment, and the length of your loan. Want to speed up the process of buying a new Ford truck? Contact us to get pre-approved for a loan today!