Biweekly Auto Loan Calculator
Use this calculator to figure out what your bi-weekly car loan payments will be & the amount of interest you will pay throughout the duration of the loan. This calculator divides the monthly payment in half to calculate the biweekly payments. As there are 52 weeks in a year, that means there are 26 biweekly periods, which makes what amounts to a 13th monthly payment each year. This saves the borrower interest by repaying the loan sooner. Beneath the biweekly stats it shows how much interest the borrower would pay using regular monthly payments.
The table underneath the calculator lists current available interest rates on new & used car loans.
Auto Loan Rates