New Mexico Energy Federal Credit Unionwww.nmenergyfcu.org
See how extra payments will effect your auto loan.
Original Loan Balance
Enter the orginal amount of your auto loan.
Number of Payments Made
Enter the number of payments you have already made on the auto loan. If the auto loan is new enter 1. If you've made one year of payments enter 12.
Interest Rate
Enter the interest rate for the auto loan.
Extra Monthly Payment
Enter the dollar amount of the extra monthly payment you want to make.
Monthly Payment
Monthly auto loan payment for original payment and payment with extra amount.
Payments Remaining
Number of payments remaining on the orginal loan and the loan with extra payments.
Total Interest
Total interest for your orginal loan and the loan with extra payments.
New Mexico Energy Federal Credit Union
Serving employees and employee family members who work for NNSA/DOE and contractors in the New Mexico area. See website for details.PO Box 5400Albuquerque, NM 87185-5400(505) 845-6483www.nmenergyfcu.org
Bankrate.com's "Paying Ahead vs. Paying Down Principal" will help you ensure that your car loan provider puts your extra payment toward your principal, rather than adding time onto your loan.
Kelly Blue Book will help you find out what your prospective car or truck is worth and what your payments would be. Don't overpay! Get the facts before you head to the dealer.
Car Financing With a Credit Union Because credit unions are member-owned and member-operated, they pay-it-forward to members in the form of better interest rates and lower fees (instead of sending profits up to shareholders, like at a bank.) Find your car loan at a credit union near you. Visit www.CULookup.com.