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Bi-weekly Payments Car Loan Calculator

This bi-weekly car loan calculator will help you determine how much you could save if you used an accelerated bi-weekly payment plan instead of the traditional monthly payment plan on your car loan.

Bi-weekly payment means that you make a car loan payment every two weeks instead of the usual once a month. Each bi-weekly car loan payment represents half of the usual monthly payment. This results in paying the equivalent of one extra monthly payment by the end of each year.

Thus, every year an additional amount goes directly against your car loan's principal. This is how you could amortize your car loan faster and save a lot of money in interest.

In order to use this Car Loan Calculator you need to have the SUN's Java™ Plug-in installed.

Seeing this message means that you need to download the SUN's Java™ Plug-in. You can do that automatically if you click on the yellow bar at the top of your browser and choose “Install ActiveX Control” or you could also get the SUN's Java™ Plug-in by visiting this link: Download SUN's Java™ Plug-in

*based on standard amortization individual results may vary
**does not include any administrative fees

Index of the Used Car Loan Terms:

Bi-weekly payments: Bi-weekly payments are simply the car loan payments you make every two weeks. The amount of one bi-weekly car loan payment is equal to half of the usual monthly payment.
Original loan amount: The original car loan you borrow to finance your car purchase.
Interest rate: The interest rate charged on your car loan.
Loan term in months: The number of months it would take to pay off your car loan if you made monthly payments instead of bi-weekly payments.
First payment date: The date from which your car loan begins.
Monthly Prepayment amount (optional): If you choose to make additional payments every month, you could save even more money and amortize your car loan faster. Those additional payments are also called monthly prepayments and are optional. In a bi-weekly payment plan 1/2 of your monthly prepayments are debited every two weeks.

The information on this site and the car loan calculators provided are intended only to assist you with your car loans decisions without providing any personal investment advice. Since we do not consider your personal financial situation, we cannot and do not guarantee that the information provided here will be applicable or accurate to you. We advise you to seek personalized professional advice regarding your personal situation.

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