BMO Harris Auto Rates and Calculators


BMO Harris Online Banking » BMO Harris Auto Rates and Calculators

BMO Harris auto loan calculators can help a user determine the various options available to them in regards to either securing a new loan, or adjusting the terms on an existing loan to lower amortization costs and increase savings.

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Rates

Although rates are dependent on numerous factors, you can use BMO Harris’s personal/auto loan rates webpage to view current representative rates. Enter your ZIP code into the blank entry field, and then click the ‘Set ZIP Code’ button to be redirected to current rate information.

bmo-harris-auto-rates-screen

Calculators

How to Calculate

This calculator is used to determine the monthly payments on an auto loan. Enter the following inputs into their appropriate fields:

  • Purchase price
  • Cash rebate
  • Value of trade-in
  • Amount owed on trade-in
  • Down payment amount
  • Term length in months
  • Interest rate

Once the inputs have been entered, click on the ‘Calculate’ button to view the results.

Compares the costs of leasing a vehicle versus purchasing one. Enter these inputs into the associated entry fields:

  • Purchase price
  • Sales tax percentage rate
  • Age of vehicle
  • Cash rebate

  • Down payment
  • Other upfront fees/costs
  • Term length in months
  • Interest rate
  • Term length of lease in months
  • Lease monthly payments
  • Lease security deposit
  • Cash paid on lease
  • Cash rebate on lease
  • Savings interest rate
  • State/federal tax rates
  • Future depreciation (low, average, high)

Press the ‘Calculate’ button, or click the ‘Results’ tab to view the results page.

This calculator determines the various differences between financing a vehicle or paying for one with cash. The following information must be entered into the appropriate fields within the calculator:

  • Purchase price

  • Down payment
  • Loan term in months
  • Interest rate
  • Number of years of intended ownership
  • Savings interest rate
  • State/federal tax rates

Once the above details have been entered into the calculator, click the ‘Calculate’ button to view the results.

Determines the total and first year’s depreciation value for a new or used vehicle. Enter the following inputs into the calculator:

  • Purchase price
  • Age of vehicle
  • Number of years of intended ownership
  • Future depreciation:
  • low
  • average

  • high

Click the ‘Calculate’ button below the calculator to generate the results page.

Determines how much more expensive one loan will be versus another, by using the following variables:

  • Down payment
  • Purchase price
  • Term length in months
  • Savings interest rate
  • State/federal tax rates

Once the above inputs have been entered into the appropriate fields, either click on the ‘Calculate’ button or the ‘Results’ tab to view the results of the calculation.

Determines how much more expensive one loan will be versus another, specifically in terms of monthly payments and total interest paid. Enter the following variables into the calculator:

  • Loan term in months
  • Interest rate
  • Down payment
  • Purchase price
  • Savings interest rate
  • State/federal tax rates

Click the ‘Calculate’ button for the results to generate.

Determines whether a rebate or special dealer financing will result in a better deal, based on the following inputs:

  • Low interest rate
  • Regular interest rate
  • Cash rebate
  • Savings interest rate
  • Purchase pricr
  • Down payment
  • Term length in months

  • State/federal tax rates

Click on the ‘Calculate’ button or the ‘Results’ tab to view the results of the calculation.

Calculates the optimal length of ownership for a vehicle, as well as home much money can be saved by either purchasing a vehicle now or waiting to purchase one until a later date. The following inputs are required for an accurate estimate:

  • Years before selling
  • Yearly repair costs
  • Yearly insurance
  • Annual licensing
  • Level of future depreciation
  • Age of vehicle in years
  • Purchase price
  • Down payment
  • Interest rate
  • Term length in months
  • Savings interest rate
  • State/federal tax rates

  • Sales tax rate

Once the above information has been entered into the calculator, click the ‘Calculate’ button.

Calculates how much money an individual can spend on a vehicle, as well as the required loan amount they will need to finance the purchase. Enter the following details into the calculator:

  • Down payment
  • Monthly payment
  • Interest rate
  • Term length in months
  • Value of trade-in
  • Cash rebate (amount you wish to add to down payment)

Press the ‘Results’ tab or the ‘Calculate’ button to generate the results.

 

 

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