ItAllAddsUp Buyers Handbook
To calculate your monthly payment, use the following formula:
(((Price-downpayment) * 1.33) - (Price-downpayment))/3)/12
The monthly payment is based on $1,000 down, 36 months at 10% interest.
Multiply the cost of maintenance per mile by the number of miles driven (e.g., .06 * 12000= maintenance costs). The amount calculated provides only a rough approximation for maintenance costs. The actual amount will vary.
Multiply the cost of insurance per mile by the number of miles driven. The amount calculated provides an estimate for insurance for the average driver with a high deductible.
Annual cost for gasoline = (12,000 miles/miles per gallon) * cost per gallon.