Car Loan Calculator Carvana Fees

Car Loan Calculator – Carvana Fees

Loan Amount ($): Interest Rate (%): Loan Term (Years): Carvana Fees ($): Calculate

Results

Monthly Payment: $0.00

Total Cost (Including Fees): $0.00

function calculateCarLoan() { const loanAmount = parseFloat(document.getElementById(‘loanAmount’).value); const interestRate = parseFloat(document.getElementById(‘interestRate’).value) / 100 / 12; const loanTerm = parseInt(document.getElementById(‘loanTerm’).value) * 12; const fees = parseFloat(document.getElementById(‘fees’).value); if (!loanAmount || !interestRate || !loanTerm || !fees) { alert(“Please fill in all fields.”); return; } const monthlyPayment = (loanAmount * interestRate) / (1 – Math.pow(1 + interestRate, -loanTerm)); const totalCost = (monthlyPayment * loanTerm) + fees; document.getElementById(‘monthlyPayment’).innerText = `Monthly Payment: $${monthlyPayment.toFixed(2)}`; document.getElementById(‘totalCost’).innerText = `Total Cost (Including Fees): $${totalCost.toFixed(2)}`; }