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Negative Equity Auto Loan Payment Calculator
If you are owed more on your car than it's worth, you've got negative equity. Use this calculator to estimate your car's monthly payments if you roll your negative equity into the form of a new loan.
How do you use this calculator? To access this calculator just enter the remaining amount of the loan you have to make payments on, as well as the total amount borrowed for the new loan as well as the loan term and your . You will now be able to calculate the monthly payments you are expected to make along with the total principal and interest paid. If you'd like to see how extra payments will affect your cost, you can input them as well. This will alter the monthly payment and total interest paid accordingly. What exactly is negative equity? Negative equity, also known as " " it is the case when you have more debt on your auto loan than the car is worth. While it isn't the most ideal scenario for a loan holder, it can cause car trade-ins and auto loan approval a struggle. Use this calculator to comprehend the monthly installments you make so you are aware of how the amount you still owe will affect the total amount of your new loan. You might want to consider making additional payments, increasing the amount of your down payment, or your loan before you buy something new to reduce the amount of extra interest you'll have to pay.



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