AUTO BOAT & RV LOANS
Buying a vehicle can be a confusing process, between finding the right one for you and getting the right price, the last thing you want to worry about is getting the best loan at the best rate. That is where Gateway Community comes in, we always have the right loan for that car, truck, RV or boat that you want and at the best rate.
We can also pre-approve you for an auto, boat, or RV loan, which can make shopping easier when you know the loan amount that you can afford.
Do you already own a vehicle, but just want to lower your monthly payments or get a better rate? Give us a call, with great rates and terms, we may be able to save you not only money, but also decrease the time you have left to pay on your loan.
Contact our loan department today for more information.
Click here to check out current terms and rates.
Click here to apply onilne now.
Click here to see the Mortgage Calculator.
Auto Loan Calculator
Use this calculator to help you determine your monthly auto loan payment or your auto purchase price.
After you have entered your current information, use the graph options to see how different loan terms
or down payments can impact your monthly payment. You can also examine your complete amortization schedule
by clicking on the "View Report" button.
Definitions
- Monthly payment
- Monthly payment for your auto financing.
- Total purchase price (before tax)
- This is the total cost of your auto purchase. Include the cost of the vehicle, any additional options and any destination charges. Don't include sales tax in this amount. Sales tax will be calculated for you and included in your total after tax price.
- Term in months
- Number of months for this loan.
- Interest rate
- Annual interest rate for this loan.
- Cash down
- Total amount of cash used in this purchase. The larger your cash down payment the smaller the loan you will need to finance this purchase.
- Trade allowance
- The total amount that you are given for any automobile that you trade-in as part of this purchase. In some states a trade-in can also reduce the amount of sales tax you will owe. See the definition for "Sales tax deduction for trade-in" for more information on trade-in vehicles and sales tax.
- Amount owed on trade
- Total loan balance still outstanding on the trade-in.
- Non-taxable fees (optional)
- Any additional fee that is not subject to sales tax. This usually includes document fees or any other fees that may be due at delivery and are not taxable.
- Taxable fees (optional)
- Any additional fee that is subject to sales tax. This usually includes title transfer fees or any other fees that may be due at delivery and are taxable.
- Sales tax rate
- Sales tax percentage rate charged on this purchase.
- No sales tax deduction for trade-in
- If you live in a state where your sales tax is calculated on your full purchase price, check this box. If this box is unchecked, sales tax is calculated on the purchase price less trade in. Currently California, the District of
Columbia, Hawaii, Maryland, and Michigan allow no deductions for trade-ins when calculating sales tax. In addition, Alaska, Delaware, Montana, New Hampshire, and Oregon have no sales tax on autos.
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