Car Loan Tip No. 70 Common Auto Loan Calculator Terms Using an online auto loan calculator is great but you won’t get anywhere without knowing these loan terms (the values of which are the data you need for the loan calculation).APR – Annual Percentage Rate; the yearly cost of your car loan, including interest, insurance, and the origination fee. down payment – cash you have in hand to serve as an up front payment for the vehicle. The amount will be deducted from the vehicle car price thereby reducing the amount of the auto loan. - interest rate - the fee charged by the lender financing your loan for the use of his/her money, usually expressed as an annual percentage of the principal amount
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