How To Calculate Your Car Loan Payment

This finance math video tutorial explains how to calculate your monthly car loan payment using a simple formula and checking the work with an online loan calculator for accuracy.

[ibrahimmirza]

This man has helped me through college so far and will continue to help me with Calculus and Physics. I would literally pay you if you can teach computer science

[ramyaj]

I just want to say thank you for everything. From math to chemistry, physics, and finance, you can teach anything. Mad respect and thanks a million o7

[jakecreatesstuff]

This man has literally guided me through college and is now guiding me through adulthood. True hero

[dagochevez]

I’ve seen that you’ve been posting more often that makes me happy to see you come back because you helped me through a year of confusion and you are still helping me right now with my ap physics class

[randompotatur]

About to be a freshman and I swear you’re gonna teach me more life skills than those next 4 years will

[MSENation]

Broooo this dude is teaching what needs to be taught!!!

[chillpotato]

He is just non stop pumping out videos, and I love it.

[bredicey]

Thank you. My actual teacher couldn't teach me in a semester and you just did it in one video.

[JenniferPChung]

I have spent I don't even know how many days reading articles by my gov. and other magazine to only be quickly explained by you that it is no a compound interest and that it is a flat rate. And each payment gets divided to different categories. Thank you for making such a headache topic so easy to understand.

[David-lpqy]

I love you so much you've pulled me through highschool so far

[tradeswithjohnnie]

Finally a person who show it how it is correctly done on paper than relying on a calculator

[FryingMike]

Thank you this helped me a lot, fast too
I been trying to buy a car around 20k, the site wants 6.99%, 4 years. If my monthly payment is 478.83$ then my 20k car is $22, 983.94 since I can't afford it up front. Gives me a start on what I should be paying

[AKrn]

When did car loans go from five years to ten?

[yungabdul]

Not only are you teaching us in school, but in adulthood as well??

[ogstreetstv]

How would I put that in a LibreOffice calc document, and it work like the website (where I put the formula in and all I have to do is enter numbers)?

[.bviews]

Aren’t you supposed to do 0.06 divided by 12 first since it’s parentheses? I’m confused

[alexandersukhanov-czgu]

What is the intuition behind the denominator? I would think that the numerator is the amount for simple monthly payments; do cars follow compound interest rates?

[ransu]

Will this video still be available 10 year from now

[foreverwood]

I'm old school so I dont have the functions to plug in the rest on a calculator. Can you show the rest of the calculations? Pretty good video

[Jazzmin]

Great video ❤ was stress asf getting bank statements and paystub for my car loan until I ended up getting it from a vendor online