The Car Payment Calculator Form Template by WPForms is the ultimate tool for dealerships looking to assist customers with automobile financing.
How Does the Car Payment Calculator Form Template Work?
By integrating the Calculations Addon, accessible with the WPForms Pro license, the Car Payment Calculator Form Template does the heavy lifting, crunching numbers and presenting an accurate financial outlook. Fields include:
- Car Price: Start by entering the car’s value you’ve set your eyes on. It’s the base figure on which your calculations hinge.
- Initial Deposit: Input the amount you’re ready to pay upfront. This reduces the principal amount you’d finance.
- Downpayment Percentage: Once you enter your deposit, our form instantly shows what percentage of the car price it represents.
- Payment Duration: Slide through the number slider to specify how long you’d like your loan term to be—shorter for higher monthly payments and longer for the opposite.
- Annual Interest Rate: With another user-friendly slider, you can set the anticipated interest rate of your car loan.
- Trading in an Old Vehicle?: Answer with a simple “Yes” or “No” dropdown option to provide trade-in details.
- Trade-in Value: Opting ‘Yes’ will reveal a space to record your trade-in car’s value, which can substantially reduce the loan amount.
- Loan Amount: Automatically calculated, this field shows the total amount you’d be borrowing after accounting for the deposit and trade-in.
- Monthly Payment Amount: Auto-computed, it illustrates what your regular monthly commitment would look like.
- Total Interest Paid: Transparency is vital. Find out the total interest amount you’ll pay over the loan term.
- Total Repayment: A conclusive field that sums up your financial commitment, including the principal and interest.
Sign up with WPForms to access the Car Payment Calculator Form Template and make car buying a breeze for everyone. Our template provides a detailed breakdown of car financing costs, empowering buyers with clear, actionable insights.
