Car Loan Calculator – Carvana Pre-Approval
Estimate your car loan payments and check your eligibility for pre-approval with Carvana’s financing options.
Carvana Pre-Approval
Check your eligibility for a pre-approved loan offer in minutes!
function calculateCarLoan() {
const loanAmount = parseFloat(document.getElementById(‘loanAmount’).value);
const loanTerm = parseFloat(document.getElementById(‘loanTerm’).value);
const interestRate = parseFloat(document.getElementById(‘interestRate’).value) / 100;
const downPayment = parseFloat(document.getElementById(‘downPayment’).value) || 0;
if (isNaN(loanAmount) || isNaN(loanTerm) || isNaN(interestRate) || loanTerm <= 0) {
alert('Please enter valid values.');
return;
}
const loanAmountAfterDownPayment = loanAmount – downPayment;
const monthlyInterestRate = interestRate / 12;
const numberOfPayments = loanTerm * 12;
const monthlyPayment = (loanAmountAfterDownPayment * monthlyInterestRate) / (1 – Math.pow(1 + monthlyInterestRate, -numberOfPayments));
document.getElementById('monthlyPayment').value = monthlyPayment.toFixed(2);
}
function resetCarLoan() {
document.getElementById('car-loan-calculator-form').reset();
document.getElementById('monthlyPayment').value = '';
}
function checkPreApproval() {
alert('Checking your eligibility for Carvana pre-approval…');
// Additional logic can be added here for Carvana pre-approval check
}
