UTV Loan Calculator
Our UTV loan calculator helps you estimate your monthly payments and total loan cost based on the price of the Side By Side, interest rate, and loan term. Experiment with different scenarios to find the financing option that fits your needs and budget.
| UTV Price | ---- |
| Tax Amount | ---- |
| Down Payment | ---- |
| Loan Amount | ---- |
| Total Interest Cost | ---- |
| Total Cost | ---- |
How to use our UTV loan calculator
By using our UTV loan calculator, you can estimate your potential monthly payment based on the price of the UTV, your interest rate, down payment, tax rate, and the length of your loan term. Here's what you need to know about each category:
UTV price:
This is the total price of the UTV, including any additional features or accessories you plan to purchase. The price will be used to calculate the loan amount after accounting for your down payment and applicable taxes.
Down payment:
The down payment is the amount you pay upfront toward the cost of the UTV. This reduces the total loan amount you'll need to borrow. The higher your down payment, the lower your loan balance and monthly payments will be.
Tax rate:
The tax rate is the percentage of the UTV's purchase price that you will need to pay in sales tax. This is usually calculated based on the local and state tax rates and will be added to the total cost of the UTV. Make sure to include the sales tax in your loan calculation to get an accurate estimate of your loan amount and monthly payments.
Interest rate:
Borrowing money comes with a cost, which is reflected in your interest rate. This rate will be included in your monthly loan payment. Some loan offers may display the annual percentage rate (APR) instead of just the interest rate. The APR includes both the interest rate and any additional fees. If your offer lists the APR, be sure to use that figure when entering your details into the UTV loan calculator.
Loan term:
The loan term is the amount of time you'll have to repay your loan. Terms for UTV loans typically range from 36 to 72 months. Keep in mind that shorter terms may result in higher monthly payments but less interest paid overall, while longer terms can lower your monthly payments but increase the total interest paid.