Looking to get an estimate on your auto loan rate? Use Rolls Auto Sales‘ handy car payment calculator! PA drivers around South Jersey already know to choose us for the highest quality used cars around because we make it easy to find and finance a new-to-you model. Whether you’re shopping for used SUVs or used luxury cars, you can use the calculator below to estimate how much you’ll pay over the course of your auto loan. We know buying a car is a huge financial step — and that’s why we aim to make the process as stress-free as we can!

Payment Details
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All prices and payments reflect a $2,000 cash or trade in equity applied to the sale price, unless payment is arranged by the buyer through cash or certified funds or is financed through Rolls Auto with one of the following lender: Citadel Federal Credit Union, Wells Fargo, or BB&T.

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 (215) 333-8856 or by visiting us at the dealership.

**With approved credit. Terms may vary. Monthly payments are only estimates derived from the vehicle price with a month term, % interest and % downpayment.

How to use a used car payment calculator?

Have you already found a used car? How it’s time to think about financing your purchase.

When it comes to financing a used car two options might come up, you can either pay cash the whole amount or get an auto loan. However, the credit bureau Experian research  showed that about 55 % of the car buyers take out a car loan to pay for their deal. If you are in the majority, you might want to get prepared by calculating your monthly auto loan payment before going to the car lot. It can significantly improve your negotiating power and help you get the best loan for your budget.

That’s why a used car payment calculator is a really useful tool for auto buyers. Of course, it’s impossible to know your monthly car payment to the cent, but having a precise estimate will make a used vehicle buying process more predictable and stress-free. 

In order to get your purchase estimator you should input certain data to the used car loan calculator.

  1. Vehicle Price

    In this field you should put the price on the website or you price you think you might get after the negotiation;

  2. Interest Rate %

    You can estimate your rate based on your credit score. In order to get your precise rate you would need to contact the lender directly. But on average, if your credit score is 750 or higher - your used car financing rates will vary around 5.00-5.01%, with the score 700-749 - the rate will be 6.29%, 600-699 - 11.06%, 451-599 - 16.27%;

  3. Loan Term

    This field is up to you. Think of how long it would take you to pay off the loan and input these figures to the field;

  4. Down Payment $

    Your down payment is the amount which you pay once you make a purchase. If you have a bad credit history, the lender will require a down payment of at least 10% or $1,000. The more your down payment is - the lower your next installments are. If you are able to make a larger down payment it will not only provide you with a possibility to get used cars with low monthly payments but also will greatly improve your credit history;

  5. Trade In Value $

    If you don’t have a sufficient amount saved for your down payment yet you might consider an offer of trade-in deals at RollsAuto where you have a possibility to trade your old vehicle for your down payment. Use the handy online tool to value your trade-in vehicle, bring it to the dealership, and they will make you an offer. You can then put the cash toward a down payment on the used car you want;

    Be aware that by changing the trade-in or down payment amount, the interest rate or loan term used car calculator, you’ll see how it affects your car payment and total loan costs so you can compare offers. 

What is the interest rate on a used car loan?

 When you face the Interest Rate % field on a used car finance calculator, you might need an extra explanation on this point. 

As it was mentioned before, your interest rate depends on your credit history directly. This amount can slightly vary according to your lender. Different banks have a little bit different loan conditions, but on average, you should consider these percentage: if your credit score is 750 or higher - your used car financing rates will vary around 5.00-5.01%, with the score 700-749 - the rate will be 6.29%, 600-699 - 11.06%, 451-599 - 16.27%.

What is a good apr for a used car loan?

Once you've been preapproved or prequalified for an auto loan, the lender will send you your annual percentage rate (APR). If you haven’t applied for a loan yet, you might consider the average percentage which you may put to your used auto loan calculator (credit score 750 and higher- the rate 5.00-5.01%, 700-749 - 6.29%, 600-699 - 11.06%, 451-599 - 16.27%). 

The better your credit score is - the less your rate is, you can consider everything that is below 10 % as a good APR.

Is it better to pay a car loan twice a month?

You should understand that the faster you pay your loan off, the less you will pay in interest overall. There is an option of paying your loan twice a month called Bi-weekly. It’s achieved by simply paying half of your monthly auto loan payment every two weeks and making 1.5 times your monthly auto loan payment every sixth month. As a result, by the end of each year you would have paid the equivalent of one extra monthly payment. Of course, paying in this way might save you a huge amount of interest, but you need to estimate if you are able to pay the installments twice a week.