## Amortization Schedule Excel Template Download – Loan Calculators, auto amortization schedule.#Auto #amortization #schedule

If you are an existing borrower or looking to finance your dream home or asset, then it is very important to understand the details mentioned in the amortization schedule.

It might sometimes seem difficult to understand how your lender calculates the interest and principal repayment components in a monthly payment. But it is not difficult at all. A basic knowledge of the mathematical formulas will help you understand the calculations very easily. And in case you are comfort able using Microsoft excel for doing the calculations, then the task is very easy.

There are lots of amortization schedule Excel templates, you can freely download on your computer and play around. Even if you are not using MS Excel, then also you can use the online amortization schedule generators; lots of them are available on the websites.

### What Is An Amortization Schedule

A typical amortization schedule is a table showing the months in which you are required to make the monthly payments, the total monthly payment is required to be made, the principal component in the monthly payment, the interest component in the monthly payment and the total outstanding loan balance. If you observe mortgage amortization schedule table, you will notice that the amount of the monthly payment remains constant throughout the loan term while the interest component goes on decreasing and the principal repayment component goes on increasing until it becomes zero at the end of the loan term.

### How to create an amortization schedule using MS Excel

Creation of an amortization schedule using MS Excel is very easy. You just need to have a basic understanding of doing calculations using MS Excel templates and feel comfort able with the number crunching.

In case you are interested in a ready-made amortization schedule excel template download, then you do not have to search anywhere. The latest versions of MS Excel like 2007 or 2010 comes preloaded with amortization schedule templates which you can use on-the-fly.

Following are the steps you need to follow to load your amortization schedule Excel template, which is built in your MS Excel by Microsoft.

1. Go to the menu button, which is shown as a circular button on the top left corner of MS Excel window and click on it.
2. Click on the new option. The new workbook window will open.
3. In the templates section of the left-hand pane, click on the installed templates option. Most probably you will see seven preloaded MS Excel templates in the right pane. One of them loan amortization template. Click on it and then click on the create button.

### Amortization Schedule Template Inputs

The amortization template will instantly be downloaded to your computer and will open a file in MS Excel. Following are the inputs required to be entered for this template to work.

• Loan Amount
• Annual Interest Rate
• Loan Period In Years
• Number Of Payments Per Year
• Start Date Of Loan
• Optional Extra Payments

### Amortization Schedule Template Results

As soon as you enter all these inputs a loan summary will be calculated which will give you following details.

• Scheduled Payment
• Scheduled Number Of Payments
• Actual Number Of Payments
• Total Early Payments
• Total Interest

In addition to these calculated values in the loan summary, following month wise details will be calculated for you, which will actually create your loan amortization schedule.

• Payment Number
• Payment Date
• Beginning Balance
• Scheduled Payment
• Extra Payment
• Total Payment
• Principal
• Interest
• Ending Balance
• Cumulative Interest

# Auto Mileage Log Template

Auto mileage log is maintained by business professionals and athletes to keep track of traveled distances. An accurate auto mileage log proves really helpful to record day to day travel distances. Commercial truck drivers and car owners are required to keep detail mileage log for the regular business related trips. Different people like runners, swimmers and cyclists prepare mileage logs to track the performance during training sessions. It is important to update auto mileage log regularly because it will help you in the audit process. Auto mileage log will help you to get tax deductions on your income tax return. Auto mileage log should contain date of travel, starting and ending of odometer reading, total miles drive and the purpose of the travel.

Uses of Auto Mileage Log

Mileage logs are used to keep track of distances traveled for the work purpose. If you are using car of the company then you have to keep the record of mileage log. Some companies pay certain amount per mile so you have to prepare auto mileage log to get compensation.

Here is preview of this Free Auto Mileage Log Template created using MS Excel,

Keep Proper Track of Your Travel

You have to keep track of following travels:

• Travel to and from offices of customers for meetings and other official purposes related to your company.
• Delivery of goods and services.
• Use of vehicle and voluntary work.

It is really important to record miles or kilometers you have travelled for the office and personal purpose. If you are a self-employed person then you can get tax relief on total cost of travel. If you are working for an employer then record of total mileage will help you in the audit process.

Prove Beneficial for Tax Purposes

A self-employed person can easily claim tax deductions for the costs incurred on the travel and the best way to separate your business and personal mileage is to design a mileage log that can also prove useful for the tax purposes. Your employer can claim tax relief also on your travel costs.

Auto mileage log will help you to claim your money back for work related travel. It is important to prepare a separate log for your job travels and include total mileage and consumption of fuel to charge accordingly.

Essential Elements of Mileage Log

It is important to use easy and accessible method to record total mileage and it will be good to use notebook to record all details in diary. You can use your smart phone also because smart phone offers premium applications to record mileage on the cell phone. Following data should be recorded in the auto mileage log:

• Date
• Time
• Purpose of travel
• Locations (To and From)
• Odometer Reading (Start and End)
• Mileage

Design your auto mileage log and record different contents as per your requirements. Immediately record your mileage to avoid any problem in future but if you forget to record your mileage then do not worry as you can use interactive mileage calculators available in some vehicles.

# Current Auto Loan Interest Rates

Estimate your monthly payment with a car loan calculator.

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# Auto Loan Calculator

## \$372.86 / Month

The Auto Loan Calculator considers the most vital factors in order to calculate auto loan information. It assumes that the full purchase price is accounted for whether as down payment or part of the loan, along with any fees involved. If only the monthly payment for any auto loan is given, use the Monthly Payments tab (reverse auto loan) to calculate the actual vehicle purchase price and other auto loan information.

Important: Tax and fee procedures apply to car purchases within the US only. Foreigners may still use the calculator, but please adjust accordingly.

There are different definitions for different prices when it comes to car buying such as MSRP (manufacturer’s suggested retail price), selling price, blue book price, and dealer price. For any recently purchased or sold car, input the final selling price as the “Auto Price” figure. For hypothetical loans involving cars not being bought or sold, use blue book prices to arrive at close estimates for the values of the cars.

Purchases of cars usually come with costs other than the purchase price. Car buyers with low credit scores might be forced to pay the hefty fees upfront. The following is a list of common fees associated with car purchases in the US.

• Sales Tax Most states in the US collect sales tax for auto purchases.
• Document Fees This is a fee collected by the dealer for processing documents like title and registration. Typically, they run between \$150 and \$300.
• Title and Registration Fees This is the fee collected by states for vehicle title and registration. Most states charge less than \$300 for title and registration.
• Advertising Fees This is a fee that the regional dealer pays for promoting the manufacturer’s automobile in the dealer’s area. If not charged separately, advertising fees are included in the auto price. A typical price tag for this fee is a few hundred dollars.
• Destination Fee This is a fee that covers the shipment of the vehicle from the plant to the dealer’s office. This fee is usually between \$600 and \$1,000.
• Insurance In the US, auto insurance is strictly mandatory to be regarded as a legal driver on public roads and is usually required before dealers can process paperwork. When a car is purchased via loan and not cash, full coverage insurance is mandatory. Auto insurance can possibly run more than \$1,000 a year for full coverage. Most auto dealers can provide short-term (1 or 2 months) insurance for paper work processing so new car owners can deal with proper insurance later.

Important: If the fees are bundled into the auto loan, remember to check the box ‘Include All Fees in Loan’. If they are paid upfront instead, leave it unchecked.

Quick Tip 1: Should an auto dealer package any mysterious special charges into a car purchase, please demand justification and thorough explanations for their inclusion. This is not to say that well-intentioned car salesmen don’t exist, but there is a reason why this particular group of people get a bad rap as some of the most untrustworthy and scheming around. After all, their mission is to squeeze as much profit out of a potential car selling scenario as possible.

### Auto Loans

Many people cannot afford to purchase cars with straight cash, so they turn to auto loans instead. They work as any generic, secured loan from a financial institution does with a typical term of 36 or 60 months. Each month, repayment of principal and interest must be paid to auto loan lenders from borrowers, excluding other mandatory fees and taxes (unless they have been intentionally included into the loan). Money borrowed from a lender that isn’t paid back can legally entitle a car to being repossessed.

Direct Lending vs. Dealership Financing

There are two financing options available: direct lending or dealership financing. With the former, it comes in the form of a typical loan originating from a bank, credit union, or financial institution. Getting pre-approved through a credit union is usually the best option and offers the lowest rates, especially for lifelong, good standing members.

Quick Tip 2: To aid ability to negotiate the best deals, take steps towards achieving healthier credit scores before taking out large loans for car purchases. Free annual credit reports can be requested from one of the three credit agencies: Equifax, Experian, and TransUnion.

Once a contract has been entered with a car dealer to buy a vehicle, the loan is used from the direct lender to pay for it. Dealership financing is somewhat similar except that the paperwork is done through them instead. The contract is retained by the dealer, but is sold to a bank or other financial institution called an assignee that ultimately services the loan.

Quick Tip 3: Direct lending usually offers more flexibility because there is competition between involved lenders to offer the best interest rates to the borrower, and rates tend to be better. It also provides more leverage for someone to walk into a car dealer with most of the financing done on their terms, as it places further stress on the car dealer to compete with a better rate. Getting pre-approved doesn’t tie car buyers down to any one dealership, and their propensity to simply walk away is much higher. With dealer financing, the potential car buyer has fewer choices, though it’s there for convenience for anyone who doesn’t want to waste time shopping around.

Don’t expect too much value when trading in old cars to dealerships as credit towards newer car purchases; exchange rates tend to float somewhere akin to auction house levels, way below blue book values. Selling old cars privately beforehand and using the funds for future car purchases tends to result in a more financially-desirable outcome. However, convenience is important for many people and they choose to simply trade them in to dealerships during new car purchases.

Within the states that collect sales tax on auto purchases, most of them collect based on the difference between the new car and trade-in price. For a \$25,000 new car purchase with a \$10,000 valued trade-in, the tax paid on the new purchase with an 8% tax rate is:

\$25,000 – \$10,000 = \$15,000 8% = \$1,200

This is the default method by which the Auto Loan Calculator will calculate sales tax in accordance with Trade-in Value. However, some states do not offer any sales tax reduction with trade-ins, and they are:

Using the same example above, whereas if the new car was purchased in one of the places above without a sales tax reduction for trade-ins, the sales tax would be:

This comes out to be an \$800 difference, enticing more people in these places to sell cars to private parties instead.

### Vehicle Rebates

Dealers may offer vehicle rebates to further incentivize buyers. When car manufacturers are pressured into getting rid of cars at lower profit margins, it can be inferred that they probably use rebates as a means of doing so.

Depending on the state, they may or may not be taxed accordingly. For example, purchasing a vehicle at \$30,000 with a cash rebate of \$2,000 will have sales tax calculated based on the original price of \$30,000, not \$28,000. Luckily, a good portion of states do not do this and don’t tax cash rebates. They are Alaska, Arizona, Delaware, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Minnesota, Missouri, Montana, Nebraska, New Hampshire, Oklahoma, Oregon, Pennsylvania, Rhode Island, Texas, Utah, Vermont, and Wyoming.

Generally, only purchases of new cars are offered rebates because of how uniform and consistent each new car is. Dealers know exactly to the cent where the breakeven point is and if they are still a wide margin over, they can incentivize a potential car buyer by offering a rebate. While some used car dealers do offer cash rebates, they are a rarity due to the difficulty of arriving at true value.

Quick Tip 5: New cars depreciate as soon as they are driven off the lot, sometimes by more than 10% of their values; this is called off-the-lot depreciation.

## Loan Calculator Amortization Extra Payment #consumer #reports #auto

#auto loan calculator
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## Loan Calculator Amortization Extra Payment

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## Loan Amortization Schedule in Excel – Easy Excel Tutorial #home #and #auto #insurance

#auto amortization schedule
#

# Loan Amortization Schedule

This example teaches you how to create a loan amortization schedule in Excel .

1. We use the PMT function to calculate the monthly payment on a loan with an annual interest rate of 5%, a 2-year duration and a present value (amount borrowed) of \$20,000. We have named the input cells.

2. Use the PPMT function to calculate the principal part of the payment. The second argument specifies the payment number.

3. Use the IPMT function to calculate the interest part of the payment. The second argument specifies the payment number.

4. Update the balance.

5. Select the range A7:E7 (first payment) and drag it down one row. Change the balance formula.

6. Select the range A8:E8 (second payment) and drag it down to row 30.

It takes 24 months to pay off this loan. See how the principal part increases and the interest part decreases with each payment.

## Lease Amortization Schedule: Equipment Payment Excel Calculator #car #dealer

#auto amortization schedule
#

## Lease Amortization Schedule: Equipment Payment Excel Calculator

By uncle on September 14, 2013

If you are an Accountant for a small or medium sized company with multiple leases (or loans) then you probably experience problems with generating accounting entries every month.

What you need to work out are the principal and interest amounts for each lease and then summarize them. In case of just few loans or leases this isn t a big issue.

But if you maintain several dozens of amortization schedules then the task can become quite time consuming.

## How Lease Accounting Usually Works

The typical scenario is like that: You maintain separate amortization spreadsheets for each lease. Then at the month-end you take the principal and interest amounts of each lease and sum it up.

And here is where the problem starts. One way to sum up all individual amounts is doing so manually. This, however, takes time.

Your second option is to interlink all spreadsheets and calculate the summary in one master spreadsheet. The hard part here is interlinking all these individual sheets. As we all know, this process in Excel doesn t work smoothly all the time. Often the numbers don’t flow through.

Sometimes you must open all files at once in order for the numbers to get updated correctly. With dozens of files open at the same time your PC performance goes down. Sometimes it even crashes.

And what about the missing links? How often do you move a file to another place on your Disk and the link gets broken? Now you need to fix the formulas.

Sounds all familiar?

Wouldn t it be nice to have all Individual and Consolidated lease schedules in a single Spreadsheet?

We thought so, too! Therefore, we developed this:

## Multiple Leases Amortization Calculator in Excel

Our Excel Calculator that can take away all your headaches during  the month-ends or year-ends.

With this calculator you can manage all your leases (or loans) in one Excel file, getting individual and consolidated schedules in one place.

Free Version of our Lease Calculator includes all functionality, except for locked interest rate. Try it and if it suits your needs then you can purchase the full version.

Current limit of this calculator is 80 leases (or loans). The reason to minimizing the file size. Now it stands at around 2.6 MB. Extending it for more leases means that the Excel file will get bigger.

This should not be a problem, Excel can easily handle files even few dozen MB large. Just the opening and processing times will slightly increase.

## What You Need to Run the Lease Calculator

To be able to run the calculator you ideally need to have Microsoft Excel 2010 installed on your computer.

The calculator may also run on Excel 2007. Just the List of Values boxes may not work properly, so you will need to type Loan Term manually instead of picking it from the Drop-down List.

Once you make sure that it runs fine then you can buy it. The Premium Version of the Lease Calculator looks and feels exactly the same as the Free Version, just allows you to maintain more leases (or loans)

## User Manual

Using this calculator is pretty easy. If you are familiar with Excel then it should be a piece of cake. But just to be sure that you understand it and are comfortable with all its functions, here we included instructions on how to use it.

### Sheet 1 – Data Entry

In this sheet you need to specify all entry parameters for your leases (or loans) as shown in the image below.

### Sheet 2 – Individual Schedules

Here you can get details for individual amortization schedules. Simply pick Lease or Loan name in field C4.

Note: Every time you add new lease or change parameters for existing lease, click on “Refresh” button to get the calculation updated.

### Sheet 3 – Consolidated Schedule

This sheet will provide summary for Total Monthly Principal and Total Interest Amounts data for all your Leases per period (month).

Note: Again, every time you add new leases (loans) or change parameters of existing ones don’t forget to click on the “Refresh” button to get the data re-calculated.

### Sheet 4 – Repayment Calendar

We have included Repayment Calendar to schedule your Lease payments. With this handy report you will never miss a single repayment. It will also help you with planning your Cash Flow.

Note: After updating Entry Data sheet, always hit the “Refresh” button to get the values refreshed.

### Sheet 5 – Charts

Last, but not least important for your work are graphs showing Repayments and Outstanding Balance Trends. We have included these graphs to help you with your reporting.

You can print them and attach to your monthly management reporting pack. It will nicely show your financial position where you stand.

Note: As usual, don’t forget to hit “Refresh” button every time you change entry parameters of your Leases or Loans.

We hope you will enjoy our Lease Calculator. If you have any questions or suggestions then please do not hesitate to contact us through our Contact Form .

## Car Loan Amortization Calculator With Auto Amortization Schedules #antique #auto #insurance

#auto amortization schedule
#

# Auto Loan Amortization Calculator

Home / Loans / Vehicle Payment Amortization Tables /

## Auto Loan Amortizing Simplified

When they are secured using credit, the total purchase prices of big-ticket itemsВ are repaid over time, with interest added.В  Payment amounts and the duration of each billing cycle are unique to each loan, tied to a host of variables impacting repayment.

Major purchases, like real estate and cars, are financed using installment credit, which furnishes consistent repayment schedules and amounts.В  These purchases are long-term investments, requiring years to pay-off, so installment credit allows borrowers to forecast payment responsibilities accurately. Car loan amortization calculator harnesses all the factors influencing borrowing and repaying car loans, distilling your loan’s payment amount at various intervals.

### Amortizing Loans Reduces Lender Risk

Loan repayment is subject to terms and conditions agreed upon by lenders and borrowers as loans originate.В  The amount of each payment, the length of the repayment term, and the interest percentage applied to theВ loan represent the basis for car loan repayment schedules, which consumers use to budget for future purchases.

Loans are structured in different ways, each carrying distinct advantages for lenders and debtors.В  Balloon loans, for example, require interest only payments for a particular term, before the entire loan principal balance comes due. Because a large part of the financing comes due all at once, toward the end of a loan period, balloon or bullet loans are very risky to lenders.В  It is just too easy for borrowers to limp along with interest payments, only to falter when the mother lode comes due.

To limit risk and help borrowers budget for payments; mortgages, car financing, and other high-dollar loans are amortized, or spread out, over the course of long-term repayment.В  Amortized payments are associated with the original sum borrowed, or principal amount.В  The amount to be repaid is broken into manageable chunks, due each billing period.В  Interest is then added to each amortized principle payment, comprising the total required payment for each billing period.

Interest and amortized principal operate on different schedules, so additional measures are required to keep payment amountsВ balanced over the life of aВ loan.В  Early payments on mortgages and other installment credit, for example, include higher portions of interest than those falling closer to the end of a loan’s life.В  As the final payments near, the amount of each payment applied to the original principal balance grows, while the interest amount charged during each billing cycle declines.В  Payments remain the same, they are just split-up differently.

Car amortization schedule uses inputs like down payment amount, loan term, and interest rate to help identify exactly what your car payments are, or will be.В  Interest is expressed as an annual percentage rate (APR) to be applied to the original loan balance.В  By keeping other terms equal, it is easy to see how APR influences each month’s payment.В  Amortization calculations also use the type of payments you make to determine where you stand on car loan amortization.В  Monthly payments, for example, provide one set of payment obligations, while bi-weekly payments alter the structure of repayment schedules significantly.

Once created, amortization schedules hold true until one or more of the variables used to create them changes.

## Amortization Calculator #queens #auto #mall

#auto amortization schedule
#

# Amortization calculator

The amortization calculator estimates how much money will be paid over the life of the loan for principal and interest. The calculator breaks down payments into interest and principal. The amortization calculator also provides a detailed amortization schedule that breaks down payments into interest and principal in the advanced report. More.

## Amortization Calculator Help

The amortization calculator estimates how much money will be paid over the life of the loan for principal and interest. The calculator breaks down payments into interest and principal. The amortization calculator also provides a detailed amortization schedule that breaks down payments into interest and principal in the advanced report.

### Loan Amount

This is the amount specified in the mortgage contract that the borrower agrees to pay back.

### Loan term

This is the length of time you choose to pay off your loan (e.g. 30 years, 20 years, 15 years, etc.)

### Interest rate

This is the interest rate for the loan you will receive. It is pre-filled with the current 30-yr fixed average rate on Zillow Mortgages.

## Online Amortization Schedule Calculator #auto #movers

#auto amortization schedule
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# Amortization Schedule Calculator

## Loan Payment Schedule Help

Every loan has four primary attributes or variables. (1) The loan amount, (2) the number of payments, (3) the annual interest rate and (4) the payment amount.

Enter any 3 values and zero (‘0’) for the unknown value. Click the [Calc] button to solve for the unknown and create a schedule.

Note: you can enter a non-zero value for all 4 variables. In that case, your inputs will be used to create the amortization schedule.

The Loan Date is the date the monies are advanced. It is also called the origination date .

The First Payment Date is the date the first payment is due. It may be the same date as the Loan Date but not usually. When they are the same, this is known as Payment-in-Advance . Leases are typically paid-in advance.

Payment Frequency determines how often payments are due. Monthly is the most common in the USA.

Compounding impacts how interest is calculated. In most cases Compounding should equal the Payment Frequency .

Points are charged on some loans by the lender. Points are expressed as a percentage of the loan amount. A 300,000.00 loan with 2 points results in an extra fee due the lender of 6,000.00. Points are common for mortgages in the US only. Normally, you will want to leave this input set to 0.0%.

The Amortization Method should usually be set to Normal . If the loan originates in Canada then you’ll want to set this to the Canadian method. In some special cases loans will have only the interest paid as the regular payment or no interest at all. In that case, you can set the Amortization Method to accommodate those types of loans. The Rule-of-78’s is sometimes used for car loans or other consumer loans.

To print any loan schedule, click on Print Preview and then Print this schedule .

When the first period, the period of time between the loan date and the first payment date is longer than one full period, there will be interest due for the extra days . This is known as odd day interest . The odd day interest, with this schedule, is shown as being paid on the loan date. Example: if the loan date is March 24 and the first payment date is May 1, then there are 8 odd days of interest – March 24th to April 1st.

Conversely, if the time between the loan date and first payment date is less than the payment period set, then the first period is said to be a short initial period and (as of the Jan. 2013 release of this calculator), the first payment will be reduced due to less interest being owed.