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Used vehicle pricing includes all offers and incentives. Tax, Title and Tags not included in vehicle prices shown and must be paid by the purchaser. While great effort is made to ensure the accuracy of the information on this site, errors do occur so please verify information with a customer service rep. This is easily done by calling us at 502-514-4499 or by visiting us at the dealership.


Auto loans are critical to getting a car, truck, or SUV. But no one wants to find out they could’ve gotten a lower monthly payment or saved on interest if they had negotiated a little differently. Our payment calculator on this page makes finding the perfect auto loan terms as easy as a few clicks. Here’s everything you need to know about our payment calculator and financing at Dan Cummins Chevrolet Buick of Georgetown.

What Is an Auto Loan Payment Calculator?

Auto loans break down the cost of buying a car into monthly payments. The length of an auto loan typically ranges from 36 to 96 months, and the shorter the period, the less interest you’ll pay. However, short-term loans will naturally concentrate the loan principle into higher monthly payments. Before making a purchase, you can evaluate your vehicle loan choices using a payment calculator. Our format has the following boxes, which only take a few seconds to fill out:

  • Price of the car.

  • Down payment.

  • Trade-in value (if applicable).

  • Interest rate.

  • Loan term.

Just enter each of these data points, and you’ll see the estimated total amount of financing needed. You’ll be able to cycle through loan options, each with different sizes of monthly payments and total months of repayment. Payment calculators give you a frame of reference on what automotive loan terms you need. Still, they won’t be able to show the loan terms for which you qualify. For that, you’ll need to apply for financing and get pre-approved.

Feel free to also browse our inventory if you haven’t settled on a particular model yet. We carry the best new Chevrolet and Buick models in Georgetown and Scott County.

Chevrolet Loan Calculator Tips

The monthly payment for an auto loan is calculated using the vehicle’s price, loan duration, and interest rate. Let’s go a little further in-depth about the components of a vehicle loan calculator and what information to take from them.

  • Car Price : When entering the total price, remember to enter the total amount of money you need to borrow, not the car’s sticker price. Try to get information on manufacturer or dealership discounts, rebates, and anything else that would subtract from the purchase price.

  • Loan Term : Generally, a longer term will result in cheaper monthly payments but higher interest costs. A shorter loan period results in greater monthly payments but lower overall interest costs.

  • Interest Rate : Some auto loan calculators request your credit score to assess what interest rate you might be eligible for. For ours, we encourage you to look up rates from online lenders and banks or take references based on past auto loans you acquired.

The results from our payment calculator will show the total interest you will pay on the loan throughout its term. When in doubt, financing a car breaks down into a balance between two extremes: a long loan with low monthly payments and a short loan to save on interest.

What Affects Car Loan Interest Rates?

Remember that your actual interest rate combines the fixed annual percentage rate (APR) established when signing the loan with a few different influencing factors. These factors don’t always appear on calculators and might catch you by surprise.

For instance, some creditors impose fees if you pay off your auto loan early, with the alternative of taking a slightly higher interest rate. We care about our customers around Georgetown, skipping unnecessary fees or interest rate hikes. Feel free to contact the Dan Cummins Chevrolet Buick of Georgetown finance center to start the process or answer your questions.

Before Applying for a Chevrolet or Buick Loan

You should do a few things before you begin a financing application. The first step is to look up your credit score and take measures to improve it before buying. By maximizing your credit, you’ll unlock more reasonable terms and be able to afford an even better vehicle than expected. It’s also essential to shop for the best price by comparing interest rates and closing expenses from several lenders. Finding the best lender at a connected dealership like ours is a routine part of the process.

Shopping for the right car is another key to saving money and getting what you want. For example, when a new vehicle is released, the older versions will be marked down significantly. You’ll find the largest Chevrolet and Buick vehicle inventory from the past few years at Dan Cummins Chevrolet Buick of Georgetown.

How To Save on Auto Loans

Regarding paying less interest on your next car loan, there are two crucial factors, APR being the first. Finding ways to bump your credit score higher and negotiate lower-APR Chevrolet or Buick auto loans will help you save on interest payments over the years.

The other critical angle for saving on a car loan’s interest payments is reducing the total number of payments, essentially creating a shorter-term repayment plan. The same principle amount gets divided into fewer, larger monthly payments. Short-term auto loans may sound nice, but those larger payments will take a bigger cut of your monthly income.

In general, it’s wise to find an average-length car loan with a reasonable interest rate. From there, you can choose to overpay on some months if you can afford to and stick to the required minimum if times get tough. Don’t forget that allowing yourself a bigger down payment is another avenue to reduce your total interest paid. There are many tips our finance department can help you with. Still, as long as you don’t incur an early repayment penalty, there aren’t many disadvantages to paying off an auto loan faster.

Try Our Chevrolet and Buick Payment Calculator

When you see how credit scores impact interest rates on loans and learn the best payment plan for you, buying and financing a car is a fast, stress-free experience. Why do business elsewhere and potentially miss Georgetown’s best auto loans? Check out our payment calculator to see what your next Buick or Chevrolet really costs. Visit Dan Cummins Chevrolet Buick of Georgetown for new and certified pre-owned cars.