Payment Estimator

PURCHASE FINANCING         *Purchase Price $ Cash Down Payment $ Net Trade-In $ Balance to Finance $ *Term (months)   12 24 36 48 60 84 *Annual Percentage Rate %         $

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Financing Calculator

Purchase Price:
Your estimated vehicle purchase price or the Hogan Chevrolet selling price. For a more accurate payment estimate include applicable federal and provincial taxes, freight charges, licensing costs, accessories, extended warranty/service contracts, life/accident/health insurance policies, etc.

Cash Down Payment:
The amount of cash you intend to use as a down payment.

Net Trade-In:
The value you estimate Hogan Chevrolet will place on the vehicle you wish to trade, after subtracting any balance you owe on the vehicle.

Balance to Finance:
The amount to finance after subtracting down payment and net trade-in amounts from the original purchase price.

Term:
The number of months over which you wish to finance your vehicle. Hogan Chevrolet may have a broader selection of term options.

Annual Percentage Rate:
The interest rate used in the calculation of the monthly payment.

Term:
The number of months over which you wish to lease your vehicle. Hogan Chevrolet may have a broader selection of term options.

Annual Percentage Rate:
The interest rate used in the calculation of the estimated monthly payment assuming the lease runs to the scheduled lease end.

Guaranteed Option to Purchase Price:
Also known as the residual value or buyout value, this is the amount you can pay to purchase the vehicle at the end of the lease, if you decide to exercise your option to purchase. Guaranteed option to purchase price is fixed at lease inception and varies by vehicle, model, usage and length of lease. Taxes, costs and expenses incurred if you exercise your option to purchase, are extra. Contact Hogan Chevrolet for further Guaranteed Option to Purchase Price information.

Amount to be Amortized:
This is simply the Net Lease Amount less the Guaranteed Option to Purchase Price amount. The calculation of the estimated monthly payments is based on this amount.