An "Outstanding" review from the Mac Observer.
A Summer's Top Ten iPod Touch app by Appolicious.
Included in iSmashPhone's "10 Apps That Will Help You Buy and Sell Cars With Your Smartphone", with this as the only auto loan calculator listed.
A "New and Noteworthy" and "What's Hot" iPad and iPhone Finance application.
Calculate monthly payments for auto loans.
Loan terms from 1 to 7 years, rates up to 25.9%.
Compare 2 loans side by side.
Enter a loan amount, rate and number of months, and immediately see your monthly payment.
Compare buying vs. leasing.
Also, calculate the total cost of buying a car, including purchase price, trade in, down payment, any outstanding loan and other fees, and sales tax.
Discover total cost of owning the car, by including insurance, maintenance and fuel costs.
Also, double-check the dealer and calculate your own lease payments.
Email any and all results.
Create a summary report of purchasing and operating the car.
Fixed issue with inputting loan amounts on compare loan screen
Ratings and Reviews
We’re getting a new car soon and have a trade in. This version has more detail and is easy to use and understand. I like the glossary too!
Comparison Flaw - Need to account for Sales Tax in Lease Payments
Be careful on this app. The Lease versus buy comparison is not correct if you simply rely on the input fields. When you enter your loan info, it asks for your sales tax rate and then calculates this as an additional amount needed for your loan. On the Lease Payment there is NO mention of monthly sales tax amount. Guess what, when you lease you still have to pay sales tax, just on your monthly amount versus the entire purchase. I can foresee someone saying that all you have to do to account for this is include the monthly tax amount as part of your monthly payment, however NOT true. If you do this, it substantially throws off your money factor. I looked for an email to tell the developer about this but could not find it. If the developer simply includes the sales tax as a separate line item in the lease payment so a true apples to apples comparison can be made, I will definitely move this to 4+ stars, until then, beware. If you want to get some sort of apples to apples comparison, do NOT include sales tax in your loan calculation and BE sure to request the dealer gives you your monthly payment quote (without TAX) which is what they normally do to you to make the payment seem lower than it is. PLEASE fix this comparison error. Until this is fixed, the lease will seem better if you correctly input into the lease payment calculator the Money Factor Quoted by the dealer.
Prior review is wrong. The app has all of the info.
All of the information mentioned in "doesn't ask for enough info..." is included on the purchase screen.
Enter the info there, and the loan amount at the end is the amount of the capitalized lease.
This separates all of those fees so you are just left with the amount you need to borrow. Then borrow that amount through a loan or lease. That is what you need to compare.
With Family Sharing set up, up to six family members can use this app.