Auto Car Loan Calculator for Colorado Springs and Pueblo Colorado

The auto car loan calculator Colorado Springs and Pueblo Colorado app can help with calculating your monthly car or truck loan payment. It’s relatively easy to use and will give a payment based on your rate, term and loan amount inputs. If you really want to understand what you quailify for please fill out our 30 second pre-approval by clicking here! There is no obligation and you do not even need to provide your social securty number.
Please Note: The results of this loan payment calculator are for comparison purposes only. They will be a close approximation of actual loan repayments if available at the terms entered from a financial institution. This is being provided for you to plan your next loan application. To use, enter the values for the Loan Amount (i.e. purchase price, tax, title, plate, ancillary products, etc.), the Loan Term in Months, and the estimated Interest Rate.
Once you've filled in these values, click the "Calculate" button to get your estimated Monthly Payment. Generally speaking, your payment should be less than 25% of your gross monthly income.

Loan Amount
Loan Term in Months
Interest Rate (e.g. 7.25)
Monthly Payment


Enter only numeric values using decimal points where needed.

This is an estimate only. Actual payment details will vary. Tax, Title, License, Fees extra. Subject to credit approval.

There are certain terminologies you should know when considering an auto loan.


I. Car loan value. It refers to the overall value of your vehicle which is calculated online, then used to determine the maximum lending amount fit for your automobile.

II. Guaranteed Asset Protection (GAP). This price meets the difference between the actual value of a vehicle and amount owed in case of a risk. For instance, if one suffers total loss or unrecovered theft of their vehicle, usually the insurer will only pay what the current market rate of the car is. Not total amount owed on your auto loan. This leaves a gap in coverage sum you would be required to pay the lender. Guaranteed Asset Protection fills this particular gap, though is still subject to certain prerequisites.

III. Market Value. It’s the most likely price which a serious buyer would pay and a seller accept willfully without any external pressures. Nevertheless, market value is rather different from market price, which is the cost in which a car can be retailed at a given time.

IV. Vehicle Identification Number (VIN). This is a unique 17-digit figure that identifies every automobile. The number can be found on the dashboard next to the driver’s seat, including side door jamb and owner’s insurance card as well.

V. Debt-to-Income Ratio (DTI). A quantifying factor used in approving a consumer for car loan, the digit reflects on a person’s monthly liabilities and other debt-related costs such as tax, fees and insurance premium charges as a fraction of their monthly gross salary.

VI. Documentation Fee. Administrative costs pertaining to registration and title. This amount varies between 50-100 dollars in Colorado Springs and Pueblo Colorado.

VII. Annual Percentage Rate (APR). It’s simply the average cost of a vehicle loan, including interest rate and other repayment fees calculated on a yearly basis, and expressed as percentage of the overall loan amount.

VIII. Credit score. Assessment of your creditworthiness which shows on an individual’s past financial history, and ability to service debts.

IX. Depreciation rate. Amount of value your car loses over the years through normal wear and tear.

X. Loan to Value (LTV). Ratio amount on a potential loan against value of the car it’s intended to finance, calculated as a percentage.

XI. Trade-In Allowance. Amount that a dealer agrees to pay the buyer’s trade-in upon buying a new car.

XII. Lien. Legal claim of ownership to a car that’s used as security for repayment of a loan.

XIII. Loan amount approved and requested. Approval is total sum accepted by the lender to give against a certain collateral, while loan request is money borrowed against that same security.

XIV. Invoice Price. The cost of a car to the dealer excluding any manufacturing incentives.

XV. Rebate. Cash incentives that manufacturers sometimes provide to buyers to purchase a car.

 If you really want to understand what you quailify for please fill out our 30 second pre-approval by clicking here! There is no obligation and you do not even need to provide your social securty number.